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Arthur Hayes Tells Crypto Traders ‘It Pays to Wait,’ Stronger USD Coming
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Monetary policy in the US and China will most likely not get any easier in the near term, and it, therefore “pays to wait” with making new investments in crypto, the co-founder and former CEO of crypto derivatives exchange BitMEX, Arthur Hayes, suggested.
“As we move into year end and 1Q 2022, I don’t see how we can take out bitcoin at USD 69,000 or ether at USD 5,000,” Hayes wrote in the conclusion of his latest blog post. He added that the most likely scenario for the next few months is a “sideways, boring market with small bouts of downside volatility followed by a tepid recovery.”
With this backdrop, the former BitMEX CEO offered up some investment advice tailored for three types of crypto investors:
For the first group, Hayes said that
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