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BitMEX founder Arthur Hayes says that after some turbulence during the upcoming election, crypto markets will once again be off to the races.
In a new interview on The Big Whale YouTube channel, the Maelstrom CIO says that the liquidity environment for crypto assets is turning favorable, with the Federal Reserve and all other major banks shifting into a phase of looser monetary policy.
However, Hayes predicts a contested election in the US that temporarily hurts risk assets, putting any potential crypto rally on hold.
“So the liquidity environment is very positive right now. I am very bullish from now until the US election in early November. And at that point, I believe until the president is known – and I don’t think it’s going to be known on election day, I think it’s going to take 3 to 6 months until the president is chosen in the United States – I don’t want to be adding more risk into the markets.
So if I’m putting on risk now, I’m probably going to look to take it off a week or two before the US election because I believe that whether it’s Kamala Harris or Donald Trump, the person who loses is not going to accept the result, and neither will those who supported them.
They will agitate via legal means, they will agitate via violent means in the streets, and any adversary of the United States who wishes to exploit a power vacuum because the president’s stance isn’t known, is going to engage in military actions against targets that they otherwise wouldn’t have done because there’s a power vacuum in the US.”
Hayes says that regardless of who moves into the White House, they will inevitably increase spending, debase the dollar and ultimately boost Bitcoin (BTC) digital assets
“Once that’s settled, then it’s off to the races. Whoever wins the election is going to print money.
Donald Trump’s going to cut taxes, Kamala Harris is going to increase welfare payments, but both sides are in agreement that the government’s role in terms of how much it spends needs to expand, regardless of where that expansion is. So as crypto holders we don’t really care what they spend the money on…”
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The post Arthur Hayes Unveils Crypto Scenario for Coming Months, Says ‘Off to the Races’ After US Election appeared first on The Daily Hodl.
BitMEX founder Arthur Hayes says that after some turbulence during the upcoming election, crypto markets will once again be off to the races. In a new interview on The Big Whale YouTube channel, the Maelstrom CIO says that the liquidity environment for crypto assets is turning favorable, with the Federal Reserve and all other major
The post Arthur Hayes Unveils Crypto Scenario for Coming Months, Says ‘Off to the Races’ After US Election appeared first on The Daily Hodl. Bitcoin, arthur hayes, BTC, News
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