BitMEX CEO Predicts Continued Bull Market for Crypto, Urges Investor To Buy & Hold

The post BitMEX CEO Predicts Continued Bull Market for Crypto, Urges Investor To Buy & Hold appeared first on Coinpedia Fintech News

In a recent tweet, BitMEX CEO Arthur Hayes delivered a bold message to crypto enthusiasts, urging them to seize bullish opportunities in the crypto market. With his characteristic wit and confidence, Hayes argues that now is not the time to be bearish about cryptocurrencies. 

Instead, he suggests a “buy the dip” approach, highlighting the potential for significant gains in crypto assets.

Hayes Long-Term Investment Strategy

Hayes begins by highlighting the macroeconomic backdrop, emphasizing the significant liquidity injection resulting from fiat currency policies.

Moreover, Hayes points out that right now, there’s a lot of regular money floating around, which is helping Bitcoin’s value go up. He believes this will continue even more as big government debts become a problem.

Addressing recent market events like the April 15th US tax payments and the recent Bitcoin halving. Hayes predicts that the weakness observed in the market around these times will go away soon, and the market will go back to being strong.

Left Curve Strategy

Further into the analysis, Hayes highlighted the importance of “Left Curve” investing, which means focusing on buying and holding during bull markets instead of trying to time the market. He warned against following traditional market thinking and encouraged embracing the full potential of the current market cycle.

Hayes acknowledged the impressive gains made by early investors, citing examples such as Solana’s remarkable rise from sub-$10 to $200. However, he emphasized the importance of maximizing profit potential during bull markets, urging investors to adopt market dips to “buy the dip” (BTFD).

Looking forward, Hayes stayed confident that the bull market will continue, driven by the big economic trends of more money printing and potential government debt problems. He advised investors to stick to their strategy and take advantage of the ongoing market trends.

Hayes Predict BTC To $1Mln

Earlier Coindpedia reported that Arthur Hayes predicted bitcoin price to surge to $1 million. As of now, Bitcoin is trading at $66,630.05, showing a slight decrease over the last 24 hours. Its market capitalization stands at $1.31 trillion.

As the crypto narrative gains traction, Hayes’ message serves as a timely reminder for investors to seize the opportunities presented by the current market conditions.