• Arthur Hayes predicted that Bitcoin's long-term rise will proceed.
• US macroeconomic elements will proceed to help a secular bull market.
• Solely Bitcoin and a few high altcoins can meet person expectations throughout a bull market.

BitMEX founder Arthur Hayes touted a long-term Bitcoin rally following the preliminary spike in Bitcoin following Donald Trump's election victory. Hayes famous that this early rise displays crypto customers' optimism about President Trump's help for the business. However he believes U.S. macroeconomic coverage will play a serious position in sustaining the bull market.

Hayes stated in a YouTube podcast that the bullish development within the crypto market is just not depending on the presidential time period. As a substitute, a key issue that would drive up crypto costs hinges on a monetary resolution to require the U.S. authorities to print more cash beginning in 2025.

To additional clarify his place, Hayes stated the federal government would print trillions of {dollars} to fund the protection business and well being care for a lot of People. Subsequently, even when Kamala Harris had been to win the election earlier than Trump, the federal government would nonetheless print cash and have a constructive affect on the crypto market.

Bitcoin will lead the bull market in 2024 as altcoin listings are delayed

Hayes emphasised that Bitcoin stays on the forefront of the present bull market, and Solana is likely one of the few altcoins to see related constructive positive factors. BitMEX founders imagine that this growth is due to the forms of tasks listed on this cycle. He stated enterprise capitalists fund most tasks and are below stress to checklist on centralized exchanges with low circulating provide and excessive FDV.

Associated article: Bitcoin bull market may start after 2024 US election outcomes

This makes listed tokens costly and makes it tough for retail traders to earn a living from them. Hayes stated a lot of the tokens listed in 2024 are down greater than 40%, making them unattractive to retail traders and resulting in a common view {that a} bull market has not but begun. .

Within the meantime, Hayes expects this development to proceed, with solely Bitcoin and some high altcoins performing nicely within the upcoming bull market. He believes that the following era of founders can reverse the state of affairs by decreasing the value of the asset and never giving too many tokens to crypto exchanges.