Bitmex Founder Predicts Crypto Market Outlook for May, Reveals Investment in “This Coin”

BitMEX Founder Predicts May Market Trends
In a recent article titled “Mayday,” Arthur Hayes, the founder and former CEO of well-known exchange BitMEX, shared his cryptocurrency investment strategy for May, garnering attention in the crypto market.


In the article, Arthur Hayes analyzes and predicts various factors such as quantitative easing, the US tax season, and actions that the Federal Reserve may take.
He points out that the US government, through the FDIC, provides insurance of up to $250,000 for deposits in all US banks. However, the FDIC’s insurance fund falls short of $6.7 trillion. Once the funds are depleted, the FDIC will borrow money from the Federal Reserve, which will then print money to repay the loan.
“I’m not sure if the market will quickly realize that the recent monetary policy in the US is inflationary in nature, but I expect the prices in the cryptocurrency market to bottom out and slowly rise,” he said.
In addition to the impact of the macro environment on the market, Arthur Hayes also shares his bullish thoughts on other derivatives-centric decentralized exchanges such as dYdX and GMX. The full article can be found here, and interested readers can click the link below to view it.
View the full “Mayday” article
Arthur Hayes Reveals: Buying “This Coin”
Interestingly, at the end of the article, he reveals that in addition to his existing holdings in Solana and Dogecoin ($DOGE), he has added a position in a altcoin called Pendle ($PENDLE), which is an ERC-20 token related to decentralized finance (DeFi) protocols.
According to on-chain data monitoring tools, Arthur Hayes has purchased an additional $500,000 worth of $PENDLE, currently holding 1.555 million $PENDLE tokens, valued at nearly $8.08 million. The average cost is about $2.02, and based on the current price of $5.07, the current unrealized profit is approximately $4.89 million.
However, it should be noted that Arthur Hayes himself is an advisor to Pendle, and he has also stated that he has received $PENDLE tokens as compensation for his advisory services.
At the time of writing, the price of $PENDLE is $5.07, with a 1.3% increase in the past day and a 6.1% increase over the past week.


[Disclaimer] The market carries risks, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investing based on this information is done at one’s own responsibility.
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