Consolidation phase, ideal for investing in cryptocurrencies, according to the co-founder of BitMEX.

In an exclusive interview with Cointelegraph, Arthur Hayes, the renowned co-founder of BitMEX, has emphasized that the current phase of price consolidation is a perfect opportunity to accumulate cryptocurrencies. Hayes suggests that those with additional fiat money and resources should consider allocating them to cryptocurrencies during this period.

According to Hayes, the coming months will represent an unparalleled opportunity to accumulate cryptocurrencies before the next bullish phase of the market begins. His perspective is based on the impact of macroeconomic factors and inflationary monetary policies that are being adopted in various countries.

The co-founder of BitMEX predicts that major economies around the world will print more money in the next 18 to 24 months. This expansion of the money supply, in turn, will play a pivotal role in boosting Bitcoin (BTC) and the global cryptocurrency market.

In that sense, Hayes has highlighted the upcoming presidential elections in the United States as a possible bullish catalyst for cryptocurrencies. The possible re-election of President Joe Biden could encourage the country's financial authorities to implement looser monetary policies, which could have a positive impact on the cryptocurrency market.

Historically, periods of monetary expansion have generated significant increases in the cryptocurrency market. The control that governments have over the issuance of money allows them to directly influence the economy by printing and distributing funds to the population.

If you want to learn more about Hayes' investment thesis for the second half of 2024, we invite you to check out our full interview on our YouTube channel. Don't forget to subscribe to stay up to date with the latest market analysis and insights!

It is important to mention that the views and opinions presented in this article are solely those of Arthur Hayes and do not necessarily reflect the editorial position of Cointelegraph. Likewise, it should be noted that the information provided here does not constitute financial advice or an investment recommendation. Every investment and transaction carries risks, therefore, it is essential that each person conduct their own research before making financial decisions.

Finally, it is relevant to note that investments in cryptoassets are not regulated and could be inappropriate for retail investors. Furthermore, the services and products offered in the context of cryptocurrencies may not be directed to or accessible to investors in Spain.

Invest in cryptocurrencies during this consolidation phase and get ready to take advantage of the next bullish market momentum!