Former BitMEX CEO Arthur Hayes has expressed his belief that a combination of factors including inflation, increasing government debt, and a limited supply of Bitcoin could drive up prices in the cryptocurrency market. Speaking on the X network, Hayes encouraged crypto enthusiasts to seize the opportunity and emphasized that now is not the time to be pessimistic about cryptocurrencies. He also highlighted the presence of unclaimed fiat cash flow that could potentially be redirected to the cryptocurrency sector at any given moment.
“Left Curve” is an essay on why you aren't bullish enough about #crypto. It's time to shut your eyes and BTFD! https://t.co/0pQyOjZhPS pic.twitter.com/r9QUiGYZTG
— Arthur Hayes (@CryptoHayes) April 23, 2024
Hayes predicts that the current temporary weakness observed in the digital asset market will soon be resolved. He advises investors not to follow traditional market thinking and instead embrace the new upward market cycle.
Previously, Arthur Hayes had also shared his findings regarding the potential short-term correction in the digital asset market caused by the Bitcoin halving.