Crypto investors

Crypto investors should use wait and see approach, co-founder of Bitmax recommends

Crypto investors should use wait and see approach, Arthur Hayes recommends in the current state of the market. Arthur further added that this situation is due to the Evergrande default event and the Federal Reverses Tapering process.

The Crypto market is consolidating with no certain direction. Investors are wondering what to do in this situation and seek guidance. The former CEO of Bitmax and crypto investor, Arthur Hayes, has explained the ongoing market situation and provided some recommendations to the crypto investors. Arthur wrote all of these in his latest digest, Circo Loco (Crazy Circus), in which he looked at the market in a larger economic framework.

Crypto investors

Crypto investors should use wait and see approach:

Arthur stressed in his digest that the prices of Cryptocurrency will be affected substantially due to the ongoing tapering process of the Federal Reserve and China situation. He elaborated further by saying:

The Fed will continue tightening monetary conditions up until the point where stonks decline … or some part of the US Treasury market stops functioning normally.

After analyzing the reasons for the bear market, Hayes gave out some recommendations to crypto investors to get the most out of their capital. He said explicitly that Crypto investors should use wait and see approach. The advice for the new investors is to focus on play-to-earn, metaverse, and NFT-related. The advice that Hayes gives is for new money to sit on the sidelines and wait for a better opportunity to enter the crypto market.     

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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