Arthur Hayes: “More government spending this year - currency depreciation...great opportunity to add to crypto positions”

“The crypto market has survived the halving and the US tax deadline, and the bull run is here to stay,” Arthur Hayes, co-founder of global cryptocurrency exchange BitMEX, wrote on his blog. “2024 is an important year for many countries with presidential elections. In the U.S., government spending is unlikely to slow down regardless of which candidate wins, and there are still geopolitical conflicts in Ukraine and Israel. Politicians will continue to print money to spend on PR and war. If real interest rates rise further, we will have to rethink crypto investments, but the next few months are a great opportunity to add to positions, whatever the risk.”