BitMEX founder Arthur Hayes has unveiled his altcoin portfolio while predicting that 2023 could be a great year for the crypto industry.
In a new article, crypto financiers say they expect the Federal Reserve to start printing banknotes 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 his holdings of altcoins, describing some as “super strong,” including derivatives exchange GMX and NFT marketplace LooksRare (LOOKS).
According to Hayes, he is primarily interested in digital assets with betas that correlate with BTC and Ethereum (ETH). he increases 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. “
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