Arthur Hayes, co-founder of the cryptocurrency exchange BitMEX, believes that President-elect Donald Trump’s policies will weaken the dollar and drive up the value of Bitcoin, pushing it to a price of $1 million. Hayes argues that Trump’s economic policies, such as increased government spending and subsidies, will lead to inflation and a weaker dollar, making Bitcoin a more attractive safe haven asset.
Arthur Hayes, former CEO of BitMEX, believes the current crypto market is in a bullish phase, fueled by global monetary policy rather than regulatory developments. He expects interest rates to fall and more money printing to drive further gains in Bitcoin and Ethereum, potentially extending the bull market until 2026-2027.
Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, has expressed interest in Australian rapper Iggy Azalea’s memecoin, Mother Iggy (MOTHER), citing favorable macroeconomic conditions. He believes the recent weakening of the Japanese Yen against a stable Bitcoin presents an opportunity to trade memecoins. Azalea’s MOTHER token has seen significant growth since its launch in June, reaching a market cap of over $73 million. Notably, the token is planned to be used in Azalea’s upcoming online casino, Motherland.
Arthur Hayes, co-founder of BitMEX, has sold 350,000 Pendle (PENDLE) tokens, realizing a significant loss of $790,000. This comes just three months after he acquired a larger position in the token. The sale follows a sharp decline in the token’s value, raising questions about his trading strategy.
