Arthur Hayes: Crypto bull market will continue, now is a golden opportunity to add positions
In early April, BitMEX co-founder Arthur Hayes, who accurately predicted the cryptocurrency market downturn, reminded everyone that after experiencing a pullback, the bull market will continue. He advised to slowly increase positions during the recent decline to position oneself as a left-sider of the bell curve to maximize investment returns.
Arthur Hayes: Profits have been taken in SOL and meme coins, awaiting a strong performance in May.
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Correction is Ending, Bull Market Will Continue
Arthur Hayes closed his positions in SOL and several meme coins in early April, selling near recent highs.
However, Hayes reminds everyone that after the correction, the bull market will continue, and prices will become exaggerated! His reasons for being bullish on cryptocurrencies include:
- Depreciation of fiat currencies
- Government accelerating money printing
- US presidential election year
2024 is a crucial year for the world, with many major countries holding presidential elections. The US presidential election is set for November. A key factor in gaining votes is the economy! The Biden administration will do everything to maintain GDP growth, including increasing government spending.
In addition, traditional finance can now profit directly from the US and the upcoming Hong Kong spot Bitcoin ETF. They are urging clients to use these crypto derivatives to maintain the purchasing power of their wealth.
The Next Few Months are a Good Time to Increase Positions
Hayes stated:
Bull markets are rare; it's ironic when you make the right call but fail to maximize your profit. Too many people try to exist in the center of the bell curve, but true crypto legends are on the left side of the curve. As long as the bull market continues, they will buy, hold, and buy more.
With the market correction earlier, the volatility of cryptocurrencies will decrease, making the next few months a good opportunity to slowly increase positions. Hayes mentioned that there will be many tokens issued in the future, providing a good investment opportunity for those who are not presale investors.