BitMEX founder and crypto industry veteran Arthur Hayes says there's a massive trade to play as the digital asset market edges higher.
Crypto billionaire Arthur Hayes is revealing a ‘massive trade’ to play as the crypto markets rally.
In a new interview on the CryptoBanter YouTube Channel, Hayes says that the crypto bull market began in March 2023, when the Federal Reserve printed trillions of dollars to support the struggling US banking sector.
Hayes points to the move as a “stealth” printing of money that ultimately triggered Bitcoin's (BTC) move into a new bull market.
“Every bull market feels good in the beginning and then it gets overextended and then we fall. We’ve started the bull market. We started in March 2023 when the Fed stealth printed $4 trillion, Bitcoin went from $20,000 to $74,000 and now we have the president and all of his people lined up saying ‘We are going to print as much money as possible to try to undo 30 years of Chinafication of global manufacturing,’ and so that is a massive trade.
Every bull market feels good in the beginning and then it gets overextended and then we fall. We’ve started the bull market. We started in March 2023 when the Fed stealth printed $4 trillion, Bitcoin went from $20,000 to $74,000 and now we have the president and all of his people lined up saying ‘We are going to print as much money as possible to try to undo 30 years of Chinafication of global manufacturing,’ and so that is a massive trade.
“Everyone’s printing money, the US is going to try and print the most amount of money out of everybody.”
As markets begin to rally, Hayes is watching Solana (SOL), Ethereum's (ETH) top competitor. According to the Maelstrom CIO, SOL will continue to outperforming ETH, at least in the short-term.
“I think it’s Solana in the short term, and that’s because it’s the ‘going up’ crypto. Why did you buy it? It’s going up. Number go up.
Everyone sees the number going up, I’m gonna buy the number go up too. I call it the high-beta Bitcoin. I want some extra juice. If I think the market is going to pop then I’m going to buy some SOL.
The reason SOL has done so well from post-FTX when it got to $7… is that the profitability of the chain has improved dramatically. And so, from a low base, obviously it’s easy to really out
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