Crypto Rally Predicted by Billionaire Hayes Amid 'Stealth Money Printing'

By: Eva Baxter

BTC billionaire Arthur Hayes has predicted a 'slow grind higher' for the market, stating that the bottom may already be in. Coupling this with the broader macroeconomic signals of 'stealth money printing', which Hayes attributed to the Federal Reserve's adjustment to its quantitative tightening (QT) program, he signaled a bullish outlook for the cryptocurrency market. Hayes also referenced crypto reserve assets such as Bitcoin, Ether, and high-beta altcoins like Solana and Dogecoin, predicting a significant rally in crypto prices, with Bitcoin recapturing the key $60,000 level.

Hayes also addressed the imminent privacy concerns for Bitcoin, a sentiment which was echoed by CIA whistleblower, Edward Snowden, on social media. This throws a spotlight on the critical issue of privacy in monetarily attractive and technologically advancing assets like Bitcoin. Hayes' recent 'Mayday' essay outlines this view along with fears about Federal Reserve's policy decisions, stagnating AUM growth in US Bitcoin ETFs, and a response to the Republic First Bank's failure.

Given the rise in inflationary pressures caught amidst the recent volatility of the market, Hayes supports buying momentum trading positions right now and holding for long-term growth. His investment strategy includes increasing exposure throughout May and sitting back comfortably to watch the market appreciate due to the inflationary nature of recent US monetary policy announcements.

Despite the looming cloud of market unpredictability, the advocacy is clear - 'buy crypto in May and go away' and keep an eye out for financial misalignments such as those in the US banking system that could further push the crypto market.