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Reading: Arthur Hayes Explained! That Factor Ignites the Bull Market in Cryptocurrencies!
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EdaFace Newsfeed > Latest News > Crypto News > Arthur Hayes Explained! That Factor Ignites the Bull Market in Cryptocurrencies!
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Arthur Hayes Explained! That Factor Ignites the Bull Market in Cryptocurrencies!

vitalclick
Last updated: November 10, 2024 6:08 pm
7 months ago
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Contents
Secret Money Printing and Global TrendsExpectations for SolanaImpact of Global Money Printing on Crypto

Arthur Hayes, founder of BitMEX, who thinks that the rise in crypto markets has begun, says that there are great trading opportunities in digital assets. In an interview on the CryptoBanter YouTube channel, Hayes stated that the bull market actually started in March 2023, when the US Federal Reserve printed large amounts of money to support the banking sector.

Secret Money Printing and Global Trends

According to Hayes, the US injection of trillions of dollars into the banking system was a covert money printing. This situation, Bitcoin $79,504It triggered the transition to a new uptrend. Not just the USA; China, Europe and Japan also continue to print money. However, Hayes states that the USA is ahead in this race.

Expectations for Solana

Another important issue that caught Hayes’ attention in the rising market is Solana (SOL). Hayes, Ethereum $3,192He predicts that Solana, ‘s biggest rival, can surpass Ethereum in the short term. As CIO of Maelstrom, Hayes said, “Solana stands out right now. “The price is constantly increasing and I want to watch this rise,” he says.

The reason behind Solana’s success lies in its huge rise from $7 after the FTX crash. Hayes attributes this rise to a significant increase in the network’s profitability. Increasing transaction volume, low costs and profitability are among the factors that strengthen Solana’s performance. “There has been tremendous revenue growth over the last 18 months,” says Hayes. Consistent with these developments, Solana is currently trading at $203, up over 2% on the day.

Impact of Global Money Printing on Crypto

According to Hayes, the continued printing of money globally and the United States’ efforts to become a leader in this race create new opportunities in crypto markets. The sustainability of Solana’s success and its long-term competition with Ethereum are being closely watched in the crypto world.

In summary, the rise in crypto markets and increasing money printing policies around the world offer new opportunities to investors.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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