Editor's PiCK

Arthur Hayes: "Uncertainty is an opportunity... It's time for 'aggressive buying'" [Token 2049 Dubai]

YM Lee

Summary

  • Arthur Hayes emphasized that now is an opportunity for aggressive buying.
  • He suggested that the current period is similar to past economic uncertainty, indicating investment potential.
  • He maintained the outlook that Bitcoin will reach $1 million by 2028.
Arthur Hayes, BitMEX Founder / Photo by Youngmin Lee, Bloomingbit Reporter
Arthur Hayes, BitMEX Founder / Photo by Youngmin Lee, Bloomingbit Reporter

Arthur Hayes, a well-known figure in the virtual asset (cryptocurrency) market and the founder of BitMEX, who is also serving as the Chief Investment Officer (CIO) of Maelstrom, stated that now, when everyone feels uneasy, is an opportunity to aggressively buy assets.

On the 30th (local time), Arthur Hayes emphasized in his keynote speech at the Token 2049 Dubai conference held at Madinat Jumeirah, Dubai, "In 2025, the uncertainty in the current global economy and financial markets is escalating. A similar opportunity to the market bottom in 2022 is approaching."

He viewed the current time as a similar opportunity to the third quarter of 2022. Arthur Hayes said, "In 2022, as central banks around the world rapidly raised interest rates, asset prices fell significantly, and U.S. Treasury bonds recorded their worst returns since 1812, but the market began to recover right after the FTX bankruptcy."

He added, "Just as many investors hesitated to buy Bitcoin out of fear back then, investors will face a similar situation this time as well."

He also maintained the outlook that Bitcoin will reach $1 million by 2028. He emphasized, "The structural changes in the global financial markets, as they are now, will eventually work in favor of virtual assets, including Bitcoin. Bitcoin will reach $1 million by 2028."

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YM Lee

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