BitMEX founder Arthur Hayes revealed when he will start buying Bitcoin (BTC) again and shared his expectations about the price
Arthur Hayes, co-founder of BitMEX, known for his bold statements about Bitcoin ($BTC) and the cryptocurrency market, said that he will not invest in Bitcoin until the Federal Reserve starts printing money.
In the Coin Stories podcast on YouTube, Arthur Hayes stated that he will not invest a single dollar in Bitcoin until the U.S. Federal Reserve (Fed) begins printing money.
At this point, Hayes said that the longer the war in Iran continues, the more likely it is that the Federal Reserve will start printing money.
He described Federal Reserve monetary easing as the main driving force behind Bitcoin’s growth.
Hayes, who said that the Fed will buy Bitcoin once it starts printing money again, stated:
“War itself is not good for Bitcoin. However, in the end, increased liquidity benefits Bitcoin.”
“If I had to invest $1 right now, would I put it into Bitcoin? My answer is ‘no’. It is better to wait for now. I will buy Bitcoin when the central bank starts printing money.”
Hayes said he is not sure whether Bitcoin’s price has reached its bottom, and warned that ongoing geopolitical tensions could push the price of $BTC even lower.
“I think the longer the war between the United States and Iran continues, the more likely we are to see a massive sell-off in stocks and Bitcoin.”
Hayes added that a prolonged conflict could push Bitcoin below $60,000, triggering a large wave of liquidations.
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