Bitcoin Can Ignore The Presidential Election As Noise, Says Arthur Hayes

Comments
Loading...
Zinger Key Points
  • Arthur Hayes downplays election impact, emphasizing that global central bank liquidity will drive the next crypto bull run.
  • He advises favoring Bitcoin over riskier, less liquid altcoins.
  • Discover Fast-Growing Stocks Every Month

BitMEX co-founder Arthur Hayes opined that the upcoming presidential election is just a distraction from Bitcoin‘s BTC/USD long-term bullish trend.

What Happened: Cited by pseudonymous trader ‘Arndxt’ on X on Monday, Hayes predicts that a wave of liquidity from global central banks to fuel the next surge in cryptocurrency markets

He suggests that Bitcoin's superior liquidity makes it a safer choice over altcoins, especially as China's potential monetary easing could further boost crypto markets.

The Bitcoin bull also anticipates the Federal Reserve's likely end to quantitative tightening, which, along with meme coin hype, may add volatility.

Hayes urges patience amid political noise, noting that meme coins are best suited for high-risk tolerance rather than long-term investments.

Benzinga Future of Digital Assets conference

Also Read: Bitcoin On The Evening Of The Election—Here’s How It Performed In 2012, 2016 And 2020

He believes the real risk isn't the election itself, but rather the temporary panic that may arise if results are contested. His guidance underscores the importance of focusing on inflation-resistant assets over reactive, short-term responses to political volatility.

As the crypto market buzzes with election-driven speculation, Hayes' roadmap offers a disciplined approach for navigating market dynamics in uncertain times. He concluded, "Prioritize inflation-resistant assets and avoid reacting to political volatility."

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next: 

Image: Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!