Co-founder of a cryptocurrency exchange BitMEX Arthur Hayes expects the digital asset bull run to end in March 2025.
In the Sasa essay, I explain why I believe cryptocurrency prices will peak in mid-March and then correct strongly. Until then, it will be possible to dance, Hayes wrote.
In the article Sasa Hayes wrote that some US stocks and digital assets have seen a sharp rise in Q2024 2 as the US government pumped over $2025 trillion into the economy through short-term bond issuance. Arthur expects the first quarter of 612 to see a maximum increase in the currency supply of $XNUMX billion, which will continue the upward trend in the cryptocurrency market.
However, in mid-March the dollar liquidity will begin to decline, including due to tax payments that will need to be made before April 15. In connection with this, ordinary and institutional traders will stop buying coins, so their rate growth will stop.
Changes in the US Federal Funds Rate (green line), SP 500 Index (yellow), US Federal Reserve (white) and Bitcoin Price (purple)
Given his forecast, Arthur believes that at the end of the first quarter of 2025, it is worth selling digital assets to lock in profits and rest until the next increase in dollar liquidity, which should happen in the third trimester. For traders willing to take a risk, Hayes advises investing in undervalued altcoins such as BIO, VITA, ATH , GROW, PSY, CRYO and NEURON, links to which are provided in Arthur's publication.
