BitMEX’s Arthur Hayes shared his cryptocurrency investment strategy for May. Predicting turbulence in the market due to the US tax season and Fed uncertainty, Hayes advocates strategic investments. Hayes recommends buying several cryptos for both momentum trading and long-term positions. In this context, the famous forecaster adds 4 altcoins to Bitcoin.

According to the famous forecaster, the recent corrections were a necessary cleanup!

BitMEX co-founder Arthur Hayes has sparked controversy with his cryptocurrency trading strategy for the month of May. Notably, Hayes, known for his bold predictions and market insights, shared his picks in a new article titled “Mayday”. Meanwhile, his picks provide valuable insight into potential opportunities for investors. Moreover, this statement comes amid today’s rebound in the broader crypto market, which further fueled speculation.

Arthur Hayes, co-founder of BitMEX, likens the recent turbulence in the crypto market to a necessary cleanup. He has observed a panic among investors since the drop in mid-April. Moreover, some have declared that they are “done” with crypto. Hayes predicted this market correction, mainly due to factors such as the US tax season, uncertainty over Fed actions, and Bitcoin’s halving. He also says that this phase will weed out “tourists” from committed investors. Moreover, he emphasizes the resilience of crypto enthusiasts who will return when the market recovers.

Arthur Hayes’ altcoin picks for May

However, Arthur Hayes outlines his cryptocurrency investment strategy for the coming month in his article “Mayday”. Despite the recent market turmoil, Hayes emphasizes the resilience of major assets like Bitcoin and Ethereum. This is why he remains bullish on the crypto market. Meanwhile, he dismisses concerns about short-term price fluctuations. Hayes attributes them to factors such as the US tax season and the uncertainty surrounding the Fed’s actions. On the other hand, Hayes advocates the accumulation of Bitcoin and Ether as long-term reserve assets, while also expressing interest in high-beta altcoin projects.

Other altcoin projects that Arthur Hayes advocates for include Solana (SOL). Hayes’ strategy also includes dogwifhat (WIF) and Dogecoin in particular. Notably, he also labels Dogecoin as an “OG doggie coin”. Furthermore, his investment thesis revolves around a gradual injection of liquidity into the market. This, he says, will buffer against downward price pressure. It will also pave the way for a gradual uptrend.

Haey strategy: ‘Buy in May, Walk Away!’

Arthur Hayes summarizes his strategy under the subtitle “Buy in May, Go Away!”. In this context, Hayes emphasizes the importance of taking advantage of market opportunities during the summer months. He plans to take advantage of the recent market correction by investing in selected altcoin projects.

Meanwhile, the BitMEX co-founder says he will trade Dogecoin and Solana for “momentum trading positions”. He also says he’s betting on Pendle (PENDLE) for long-term positions. Arthur Hayes particularly emphasizes the need for strategic investments.