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Arthur Hayes, Bitmex’s co-founder, recommends a “wait and see” approach for cryptocurrency investors

Arthur Hayes, Bitmex’s co-founder and cryptocurrency investor, has spoken out about the current market state and the potential impact that the U.S. Federal Reserve’s upcoming tapering may have. Hayes also ties this to the Evergrande situation, China, and recommends that cryptocurrency newcomers wait until next year’s signals.

Arthur Hayes analyzes the current market situation
Arthur Hayes, a former CEO of Bitmex and cryptocurrency investor, has offered his opinion about what cryptocurrency investors should do given the current market. Hayes’ latest digest, “Circo Loco (Crazy Circus),” examines the market situation from the perspective of the wider economic context, including the Federal Reserve tapering, and the recent Evergrande default.

He believes that cryptocurrency prices will be affected by the current situation in China and the Federal Reserve’s accelerated tapering process. Hayes says:

The Fed will keep tightening monetary conditions until stonks fall or some portion of the US Treasury market ceases to function normally.

Hayes points out that a bearish stock market could affect tapering and prompt the Federal Reserve’s QE (quantitative ease) and printing policies.

What Hayes Believes Investors Should Do
Hayes offers recommendations to cryptocurrency investors based on this analysis. Hayes predicts that it will be difficult to see bitcoin at $69K and ethereum trading at $5K in this time period. He also expects a sideways market, with constant rises or falls.

This is in line with the Huobi report “Taper Landed”, which predicts that market liquidity restrictions could negatively impact markets’ performance. Hayes advises that new money wait to be able to enter the crypto market after a March 2022 Fed rate increase or June 2022 Fedrate hike.

If you are looking to get into the market, or have already a position in the market, the advice is to concentrate on play-to earn, metaverse or NFT-related tokens. The overall performance of these tokens is not directly tied to the economy and is dependent on other factors, such as the introduction these technologies to new markets that might support their growth.

This story contains tags

Arthur Hayes, BitMex, China, circo loco, crypto trader diges, crypto trader digest, cryptocurrency investment, digest, Evergrande, Federal Reserve, taper

What did Arthur Hayes think of Arthur Hayes’ description and recommendations for the crypto market? Leave a comment below.

Sergio Goschenko

Sergio is a Venezuelan cryptocurrency journalist. Sergio is a cryptocurrency journalist based in Venezuela. He says he was late to the game and entered the cryptosphere during the December 2017. price rise. He is a computer engineer by trade, has lived in Venezuela and has been impacted by the cryptocurrency boom on a social level. This gives him a unique perspective about crypto success and how it can help the underbanked and unbanked.

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Henry Hicks
Henry Hickshttps://nonfungibletalk.com
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!
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