Arthur Hayes, the former CEO of cryptocurrency exchange BitMEX, is bullish on the future of crypto, predicting a continued bull run driven primarily by global monetary policy rather than regulatory advancements.
In a recent interview, Hayes highlighted the crucial role of money printing in Bitcoin’s remarkable ascent, calling it “the best performing asset in human history.” He attributes this surge to the loose monetary policies implemented by central banks worldwide.
Looking ahead, Hayes anticipates interest rates to plummet below 2% by early 2025, citing potential political instability in the U.S. and a manufactured debt ceiling crisis. This scenario, he believes, will further stimulate crypto gains, as governments resort to printing more money to address economic challenges.
Hayes remains skeptical about the impact of regulatory clarity on institutional adoption of crypto, arguing that banks will find ways to work around regulations if there’s sufficient client demand. He advises young crypto investors to focus on securing the best entry price and exercising caution when using leverage, emphasizing the importance of constant monitoring to avoid liquidation.
Despite his bullish outlook, Hayes acknowledges the potential for major geopolitical conflicts to disrupt the market. However, he remains confident in the long-term dominance of Bitcoin and Ethereum, while also recognizing the emergence of AI-focused blockchain projects.
The influence of Bitcoin as an institutional asset class will be a key topic at Benzinga’s upcoming Future of Digital Assets event on November 19. The event will provide valuable insights into the future of the crypto landscape.
