Arthur Hayes is the founder of BitMEX and an industry veteran in crypto. He says there are huge opportunities for trading as the market rises.
Hayes, in a recent interview with the CryptoBanter YouTube Channel says the bull crypto market began March 2023 after the Federal Reserve printed billions of dollars as a way to help the US banking industry.
Hayes is referring to the move As a “stealth” Bitcoins’ (BTCThe bull market is about to begin.
Every bull market starts out good, but then gets too big and we crash. “We’ve begun 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.
We have China, Europe, and Japan all printing money. Everyone is printing money. The US will try to print the largest amount.
Hayes is watching Solana as the markets begin to rise.SOL), Ethereum’s (ETH() largest rival. SOL, according to Maelstrom’s CIO will continue to perform better than ETH in the near future.
“I think it’s Solana in the short term, and that’s because it’s the ‘going up’ crypto. What made you buy it, and why? The number is going up. The number is going up.
Everybody sees that the number is going up. I will also buy it to go up. It’s the “high-beta Bitcoin”. I need some more juice. SOL will be my choice if the market looks like it’s going to boom.
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 outperform, the transactions are growing, it’s super cheap, it’s profitable now…
The revenue growth has been phenomenal over the last year and matches the increase in price for crypto.
Solana was trading at $203 as of this writing. This is an increase over 2% in one day.
Don’t Miss a Beat – Subscribe Receive email alerts directly in your mailbox
Check this out Price Action
Join us! X, Facebook The following are some examples of how to get started: Telegram
You can surf to your heart’s content The Daily Hodl Mix
 
Disclaimer: The Daily Hodl does not provide investment advice. Before investing in Bitcoin or other digital assets, investors should conduct their own due diligence. Your transfers and trades will be at your risk and you are responsible for losses. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl engages in affiliate marketing.
Generated Image DALLE3
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com
