BitMEX Founder Predicts May Cryptocurrency Market Trends and Reveals Purchase of “This Coin”

BitMEX Founder Predicts May Market Trends
In a recent article titled “Mayday,” Arthur Hayes, the founder and former CEO of renowned exchange BitMEX, shares his cryptocurrency investment strategy for May, attracting attention from the cryptocurrency market.


In the article, Hayes provides analysis and predictions regarding quantitative easing, the US tax season, and actions the Federal Reserve may take.
He points out that the US government, through the FDIC, provides insurance for deposits in all US banks up to $250,000. However, the FDIC’s insurance fund is not sufficient at $6.7 trillion. Once the funds are depleted, the FDIC will borrow money from the Federal Reserve, which will then print money to repay the loan.
“I’m not sure if the market will quickly realize that recent US monetary policy leans towards inflationary nature, but I expect the prices in the cryptocurrency market to bottom out and slowly start to rise.”
In addition to the impact of the macro environment on the market, Hayes also shares his bullish views on other derivatives-focused decentralized exchanges such as dYdX and GMX. The full article can be found at the link below for interested readers.
Read “Mayday” in full
Arthur Hayes Reveals: Buying “This Coin”
Interestingly, at the end of the article, he reveals that in addition to his existing holdings of Solana and Dogecoin ($DOGE), he has added positions in the altcoin Pendle ($PENDLE), which is an ERC-20 token related to decentralized finance (DeFi) protocols.
According to on-chain data monitoring tools, Arthur Hayes has purchased an additional $500,000 worth of $PENDLE, currently holding 1.555 million $PENDLE tokens with a value of nearly $8.08 million. With an average cost of about $2.02, based on the current price of $5.07, his current paper profit is approximately $4.89 million.
However, it should be noted that Arthur Hayes himself is an advisor to Pendle, and he has also stated that he has received $PENDLE tokens as compensation for his advisory services.
At the time of writing, the price of $PENDLE is $5.07, with a daily increase of 1.3% and a weekly increase of 6.1%.


[Disclaimer] The market carries risks, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. By investing based on this, users bear the responsibility.
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