BitMEX founder Arthur Hayes predicts that the excessive money printing leading up to the US presidential election in November will result in a surge in Bitcoin (BTC) and cryptocurrency prices. In his analysis, Hayes explains that major economic blocs such as the US, China, the European Union (EU), and Japan are devaluing their currencies to reduce their debt burden.

Hayes emphasizes that the current macroeconomic conditions that fueled Bitcoin’s rise will become even more prominent as the sovereign debt bubble bursts. He believes that the ongoing political situation in the US will encourage the government to increase money printing.

As the summer approaches and decision-makers take a break from reality, Hayes expects a decline in crypto volatility. He suggests that this is a perfect opportunity to take advantage of the recent dip in cryptocurrency prices and gradually increase positions.

It is important to note that the opinions expressed in this article are not investment advice. Investors should conduct their own research and exercise caution when making high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets and is not an investment advisor.