BitMEX co-founder Arthur Hayes said he will start buying Bitcoin when the US Federal Reserve eases monetary policy and starts printing money amid rising tensions in the Middle East.
BitMEX co-founder Arthur Hayes, who has projected Bitcoin to hit $250,000 this year, says he’d rather wait-and-see than invest in Bitcoin at the moment, holding off until the US Federal Reserve loosens its monetary policy.
“If I had $1 to invest right now, would I be putting it into Bitcoin? No. I would wait,” Hayes said on the Coin Stories podcast published to YouTube on Tuesday.
“The longer this conflict goes on, the higher the likelihood that the Fed has to print money to support the American war machine,” he said. Hayes said he will start buying when the Fed begins easing monetary policy:
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