Top Crypto Expert Reveals May Investment Strategy: Focus on These 5 Altcoins Including Bitcoin (BTC)

• BitMEX co-founder Arthur Hayes has shared his cryptocurrency investment strategy for May, predicting market turbulence due to the US tax season and uncertainty surrounding the Federal Reserve.
• Hayes recommends purchasing a few cryptocurrencies for both momentum trading and long-term positions, adding four altcoins alongside Bitcoin to his strategy.
• Hayes views recent market corrections as a necessary cleansing, separating the “tourists” from the committed investors.

BitMEX’s Arthur Hayes shares his crypto investment strategy for May, predicting market turbulence and recommending strategic investments in Bitcoin and four altcoins.

Hayes Predicts Necessary Market Correction

Arthur Hayes, co-founder of BitMEX, has stirred discussions with his cryptocurrency investment strategy for May. Known for his bold predictions and market forecasts, Hayes shared his picks in a new article titled “Mayday”. Amidst the current market recovery, his selections provide valuable insights into potential opportunities for investors. Hayes likens the recent market turbulence to a necessary cleansing, observing panic among investors since the mid-April downturn. Some even declared their dealings with crypto “over”. Hayes had predicted this market correction due to factors such as the US tax season, uncertainty regarding Fed actions, and Bitcoin’s halving. He also suggests that this phase will weed out the “tourists” from the steadfast investors, highlighting the resilience of crypto enthusiasts who will return when the market recovers.