The co-founder of the BitMEX cryptocurrency exchange said that now is a favorable moment to open a long position on Bitcoin. The reason, according to the trader: a change in the global macroeconomic background.

Arthur Hayes drew attention to the results of the negotiations between the finance ministers and heads of central banks of the G7 (Big Seven). One of the topics was the weakening Japanese yen relative to other reserve assets. The US Treasury Department volunteered to help, and now, the businessman believes, we need to monitor the final statements of the G7 leaders.

The world’s seven largest economies may decide to take coordinated action in the foreign exchange or bond markets to strengthen the yen. Arthur Hayes admitted that the easing of strict policies from the Bank of Canada and the European Central Bank (ECB) has forced a revision of the forecast for the return of cryptocurrencies from the summer calm on the path to further price increases.

“We know how to play this game. This is the same game we have been playing since 2009 when our Lord and Savior Nakamoto gave the weapon to defeat the devil of traditional finance. The background has changed, buy Bitcoin,” proclaimed Arthur Hayes.

The co-founder of BitMEX is convinced that cryptocurrency bulls have begun to awaken and will soon begin to put very strong pressure on regulators around the world.

Earlier, Arthur Hayes said that Bitcoin has become an asset whose value is affected by global political and macroeconomic dynamics, including changes in the value of fiat currencies.