New statements came from BitMEX former CEO Arthur Hayes, known for his statements about Bitcoin and the cryptocurrency market.
Arthur Hayes, who announced that he had a $1 million target for BTC after Ark Invest CEO Cathie Wood, said in his last article that the market weakness caused by the US tax payments on April 15 and the Bitcoin halving is about to pass.
Stating that the bull market will continue at this point and the price of all cryptocurrencies, including BTC, will increase much more, Hayes stated that bull markets are rare and that cryptocurrencies should not be sold right now:
“I think the main reason why cryptocurrencies are rising strongly against fiat currencies is global devaluation policy.
The macro order that created the increase in fiat liquidity that drove Bitcoin's rise will become more evident as the government debt bubble begins to burst. At this point, BTC's rise will accelerate.
At this time we must resist the urge to sell, continue to increase positions and stick to the HODL strategy.
After the US Tax payments and the Bitcoin halving, the market will enter a period where there will be more opportunities. The volatility of cryptocurrencies will decrease, which makes it a good time to gradually increase positions. The next few months will present a golden opportunity to increase positions.
“No matter which cryptocurrency you are interested in, the next few months will provide a golden opportunity to increase your positions.”
At the Token 2049 conference held in Dubai recently, Hayes stated that Bitcoin will continue its rise this year and next year, and argued that it will not stop at $ 100,000 in the upward cycle.
*This is not investment advice.
