Arthur Hayes Prepares for Altcoins Surge After Missing Bitcoin Rally By CoinEdition | CPT PPP Coverage
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Arthur Hayes Prepares for Altcoins Surge After Missing Bitcoin Rally By CoinEdition appeared on www.investing.com by CoinEdition.
Arthur Hayes Prepares for Altcoins Surge After Missing Bitcoin Rally
- The BitMEX CEO missed out on the recent crypto market rally due to a wrong forecast.
- Arthur Hayes is withdrawing cash to prepare for an upcoming altcoin rally.
- The CEO will set his eyes on the TGA as a target for an exit signal.
BitMEX CEO Arthur Hayes has acknowledged missing out on the recent crypto market rally due to a wrong forecast. According to him, he is preparing for a definite altcoin rally scheduled for the coming months, with an eye on the U.S. Treasury General Account (TGA) for market signals.
In his recent blog post, Hayes elaborated on his thoughts about the current crypto market situation, juxtaposing it with macroeconomic factors influencing the prices of risky assets. He explained how focusing on the larger picture made him miss out on the latest rally.
In a previous post, Hayes explained how the monetary policies of the Federal Reserve would negatively impact cryptos. He predicted that a likely Fed decision would trigger a correction in risky asset prices, including cryptos. While waiting for this to play out, Hayes, reportedly, missed out on the more short-term factors that support and justify the current rally.
According to …
The post Arthur Hayes Prepares for Altcoins Surge After Missing Bitcoin Rally appeared first on Coin Edition.
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