Arthur Hayes, the founder of BitMEX, believes that a rise in cryptocurrency markets has begun, presenting significant trading opportunities in digital assets. In an interview on the CryptoBanter YouTube channel, Hayes stated that the bullish market actually began in March 2023, triggered by the U.S. Federal Reserve’s massive money printing to support the banking sector.
Secret Money Printing and Global Trends
According to Hayes, the injection of trillions of dollars into the U.S. banking system was a form of covert money printing. This situation sparked a new uptrend for Bitcoin 
$78,914. Not only the U.S., but China, Europe, and Japan also continue to print money, with Hayes emphasizing that the U.S. is leading in this race.
Expectations for Solana
Another significant aspect catching Hayes’ attention in the rising market is Solana 
$104 (SOL). He predicts that Solana, the biggest competitor to Ethereum 
$2,498, could surpass Ethereum in the short term. As the CIO of Maelstrom, Hayes noted, “Solana is currently standing out. Its price is continuously rising, and I want to monitor this increase.”
The success of Solana is attributed to a substantial price increase from $7 following the FTX collapse. Hayes links this rise to a significant increase in the network’s profitability. Factors such as increased trading volume, low costs, and profitability have strengthened Solana’s performance. “There has been tremendous growth in revenues over the last 18 months,” Hayes stated. In line with these developments, Solana is currently trading at $203 with over a 2% daily increase.
The Impact of Global Money Printing on Crypto
The ongoing global money printing and the U.S.’s efforts to lead in this race are, according to Hayes, creating new opportunities in the crypto markets. The sustainability of Solana’s success and its long-term competition with Ethereum are closely monitored in the crypto world.
In summary, the rise in cryptocurrency markets and increasing global money printing policies are presenting new opportunities for traders.
