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Arthur Hayes doubles down on GMX, is it time to buy the dip in the cryptocurrency market?

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Arthur Hayes doubles down on GMX, is it time to buy the dip in the cryptocurrency market?

According to on-chain analysis account Lookonchain, BitMEX co-founder Arthur Hayes has begun to increase his position in GMX, buying at an average price of $45.

Is Arthur Hayes Starting to Invest in Shitcoins as Money Printing Mode Kicks In?

Arthur Hayes previously predicted the United States would initiate a money printing mode at the beginning of the month and forecasted that cryptocurrency prices would skyrocket in the fall. He had also mentioned that he would not hesitate to invest in some shitcoins when the time is right, as the high returns in the cryptocurrency market happen when it shifts from bear to bull. It seems he is now seizing the opportunity to capitalize on his beliefs and take advantage of the current situation.

For Arthur Hayes' analysis of the economy and price expectations, please refer to: Patience is a Virtue, Arthur Hayes Predicts Bitcoin Market to Start in Fall, with Potential to Reach $70,000 Next Year

For Arthur Hayes' investment strategy, please refer to: Arthur Hayes Establishes Venture Capital Firm Maelstrom Capital, Focusing on Investing in Cryptocurrency Infrastructure, Stating: "Will Not Hesitate to Invest in Shitcoins"