• Arthur Hayes, former CEO of BitMEX, expects a risk-on, crypto bull market between now and 2026.
• Hayes predicts that this upcycle will be followed by an economic collapse on the same scale as the Great Depression.
• Hayes pleaded guilty to violating the U.S. Bank Secrecy Act in May 2022 and paid a $10 million fine.
Arthur Hayes: Former BitMEX CEO
Arthur Hayes was the former CEO of BitMEX, one of the largest digital currency trading platforms in the world. He recently spoke with New York Magazine (NYM) about his early career at Deutsche Bank in Hong Kong, his founding of BitMEX and his indictment by the Department of Justice.
Crypto Mega Up-Cycle Predicted
Hayes predicted that within the next 12 to 18 months every central bank will fix prices for their government bonds which will trigger „the next mega-upcycle“ for risk-on assets that is expected to end by 2026 when an economic collapse on the same scale as The Great Depression is expected to occur. However, instead of dwelling on this, he advised making full use of this coming boom by timing switches between different seasons to maximize gains.
Plea Agreement Reached
In May 2022, Hayes plead guilty to violating US Bank Secrecy Act and agreed to pay a $10 million fine with six months house arrest served from Miami overlooking Biscayne Bay – though he could still exercise outdoors, attend WeWork office and occasionally go out for dinners. Despite these accusations against him NYM pointed out that unlike Sam Bankman-Fried no charges were ever made accusing him of stealing or running a scam business as he did not follow certain rules put in place some believe should not exist in first place anyways.
Making Most Of Crypto Boom
Hayes believes it’s possible to time market buy narrative and sell when its topped out – investing both deep tech crypto decentralizing bitcoin’s vision plus complete shitcoins hoping they make money too during upcoming boom cycle while following certain rules so they can turn around huge profits before eventual generational collapse arrives by 2026.
Conclusion
In conclusion it appears that although there are scandals surrounding him like any other entrepreneur Arthur Hayes has managed not just to survive but also plan ahead for future booms associated with cryptocurrency markets if timed correctly enough before eventual crash takes place according predictions from former BitMEX CEO himself