opinion

Arthur Hayes buys $500,000 PENDLE, “the perfect opportunity to invest in crypto this summer”

Arthur Hayes, co-founder of global cryptocurrency exchange BitMEX, told Cointelegraph that this summer is the perfect opportunity to invest in cryptocurrencies. “The next few months are the perfect time to buy crypto before the next phase of the bull market begins,” he said. “We expect inflationary monetary policy to play a major role in the growth of crypto markets, including Bitcoin, later this year. President Joe Biden is encouraging looser monetary policy, especially as the US presidential election approaches. This is likely to act as a positive catalyst for cryptocurrencies.” Meanwhile, Arthur Hayes bought PENDLE with 500,000 USDC via Wintermute. He now reportedly holds 155.5K PENDLE ($8.08 million).

Bitcoin has fallen sharply on diminished expectations of a rate cut by the US Federal Reserve

US stocks fell on speculation that the Fed will remain cautious about cutting interest rates. The Dow Jones Industrial Average closed at 396.61 points, or 1%, down from the previous trading day at 39,170.24. The S&P 500 was down 37.96 points, or 0.72%

blockchain crypto cryptocurrency btc hit 500K after halving (SpotedCrypto)

PlanB "BTC to hit $500,000 this halving...$500,000 possible in next halving"

"Bitcoin is likely to rise to $500,000 in the upcoming 2024-2028 halving cycle, and bitcoin could rise to $5 million in the next halving cycle, 2028-2032," Dutch analyst PlanB, who invented the Stock-to-Flow (S2F) model, a bitcoin price prediction model, told X, according to YT. "The

blockchain crypto cryptocurrency blackrock expect ratecut 2024 (Spoted Crypto)

BlackRock “expects two rate cuts this year, starting in September

BlackRock Chief Investment Officer Rick Ryder told CNBC that he expects two rate cuts this year, starting in September. The Fed's intense tightening has shaken consumer confidence among low-income earners. It will be difficult for the Fed to delay any longer,” he said. “If key economic data, including

Read next