Former BitMEX CEO Arthur Hayes, who attracted attention with his bold statements and predictions about Bitcoin (BTC) and the cryptocurrency market, announced his favorite altcoin.
Stating that we have come to the end of the bear market in his recently published blog post titled “Double Happinies”, Arthur Hayes said that the increasing trend towards artificial intelligence and cryptocurrencies will usher in a new era of opportunity.
Stating that this trend will especially benefit Filecoin (FIL), Hayes claimed that Filecoin will exceed its ATH seen in 2021.
According to Hayes' statement, FIL needs to make 80x from its current level to reach its ATH of $ 240 in 2021.
According to Hayes, governments printing a lot of money, increasing fiat money liquidity and the adoption of artificial intelligence technology will start a significant and unique bull market.
“With the printing of the most money in the shortest time, an increase in fiat currency liquidity, and the development of artificial intelligence, I think we are about to witness the largest bull market in human history.
My favorite altcoin in this bull is Fileceoin (FIL).”
Stating that the upward trend is valid not only for FIL but for all cryptocurrencies, the famous name said that he expects chaos in the US economy.
At this point, Hayes said, “The USA will print more money to prevent a bigger banking crisis and economic chaos, and fiat money liquidity will increase. This will trigger the rise for Bitcoin and cryptocurrencies.” said.
FIL, which has increased by 2.6% in the last 24 hours, continues to be traded at $ 3.34 at the time of writing.
*This is not investment advice.
