BitMEX founder Arthur Hayes has unveiled his altcoin portfolio while predicting that 2023 could be a great year for the crypto industry.
new papercrypto capitalists say they expect the Federal Reserve to start printing money again next year.
“I don’t know if $15,900 was the bottom of this cycle. I don’t know when it will resume.
However, I believe the US Treasury market will crumble at some point in 2023 as the Fed tightens monetary policy. At that point, we expect the Federal Reserve to turn on the printer bank, a Shakalaka boom, and Bitcoin and all other risky assets to surge. ”
Hayes said he plans to buy US Treasury bills for yield while waiting for the Fed to resume issuing money.
“Everything is cyclical. What goes down goes up again. I like to invest in US Treasury Bills with a duration of less than 12 months and earn close to 5%. Hence the cryptocurrency bull market. We want to earn a yield while we wait for .
The venture capitalist has revealed some of the altcoins he owns, describing derivatives exchange GMX and NFT marketplace LooksRare (LOOKS) as “super-powerful.”
According to Hayes, he is primarily interested in digital assets with betas that correlate with BTC and Ethereum (ETH). he raises the amount.
“My ideal crypto assets should be Bitcoin Beta and Ether Beta. It should go up by an amount, this is called a crypto beta.
This asset must generate income that I can claim as a token holder. And this yield has to be much higher than the 5% I get when I buy 6-month or 12-month government bonds. I have some strong assets like GMX and LOOKS in my portfolio. ”
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/gg_tsukahara/monkographic