While investors in the cryptocurrency market are in a panic after the US Securities and Exchange Commission (SEC) sued Binance and Coinbase, two of the world’s largest brokerages, billionaire Arthur Hayes shared his perspective on the future.

The ex-CEO of Bitmex expresses optimism, affirming that the market will recover and reveals his strategy of buying “shitcoins” — less well-known or low-value cryptocurrencies.

The market is down on some binance FUD. But regardless of the catalyst, risk mrkts r on edge cause of the TGA refill. By end of summer the mrkt will move past that and onto the lg amt of money printing humming along in the background. I have a few shitcoins to buy in the meantime pic.twitter.com/w52QABpgvJ

— Arthur Hayes (@CryptoHayes) June 6, 2023

This strategy reflects the principle of buying low and selling high, and may represent an opportunity for investors who accredit the long-term potential of cryptocurrencies.

Furthermore, Hayes stated that the “wall of concern is escalating”, encouraging his followers to join the “high market bus” for Bitcoin.

“The wall of concern is being scaled, come with me on the Bitcoin bull market bus. We are still on the street of mourning, but the moon is not long.” wrote There is.

The wall of worry is being climbed, come with me on the $BTC bull market bus. We are still on struggle street, but the moon ain’t far away. pic.twitter.com/PEmuG5k7dj

— Arthur Hayes (@CryptoHayes) June 6, 2023

Corrida de touros no horizon

Although cryptocurrencies may be going through price drops, Hayes suggests that the continued influx of money into the market will aid in the recovery of value.

The recent recovery of Bitcoin, even after two SEC lawsuits, brings optimism to analysts, who see signs of the start of a new bull run.

After facing strong selling pressure due to the SEC process against Binance, Bitcoin saw a significant recovery, approaching the US$ 27,000 mark at this fourth fair (7).

As regulatory pressure from the SEC has caused turbulence in the markets, investors are demonstrating a willingness to ignore these events and continue investing in cryptocurrencies.

The V-shaped recovery in the price of Bitcoin resulted in the liquidation of many sold positions, after an excess of bets against the market. Also disso, or two investors are interested in buying during it is increasing significantly as the prices of the cryptocurrencies are corrected.

The ongoing processes between the SEC and major cryptocurrency exchanges have the potential to set a crucial precedent for the future of the market.

If the courts support the SEC and classify several digital assets as transferable securities, this could lead to a substantial transformation in the regulation of cryptocurrencies, granting regulatory authority to the SEC over those assets.

The uncertainty continues to surround the cryptocurrency market, plus the resilience demonstrated by Bitcoin and optimism, two analysts suggest the possibility of a new bull run on the horizon.