Arthur Hayes Suggests Going Long On Bitcoin And Other Cryptocurrencies

Arthur Hayes Suggests Going Long On Bitcoin And Other Cryptocurrencies

PENGY June 8, 2024, 3:02 am Facebook Twitter


The post Arthur Hayes Suggests Going Long On Bitcoin And Other Cryptocurrencies appeared first on Coinpedia Fintech News

Arthur Hayes has recently explained how early rate cuts by Central Banks could strengthen the crypto market. According to Hayes, the early rate cuts display the Central banks’ efforts to stimulate economies, leading investors to turn to cryptocurrencies as alternative investments. Hayes also proposed a strategy involving the US Federal Reserve and the Bank of Japan to strengthen the yen. Hayes expects no changes from the Fed or BOJ in their June meetings but suggests the BOE might cut rates following the BOC and ECB’s lead. He advises going long on Bitcoin and other cryptocurrencies, adjusting to the evolving macroeconomic landscape. 

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