Arthur Hayes, co-founder of BitMEX, has recommended buying Bitcoin, citing the beginning of a rate-cutting cycle as a pivotal opportunity. He argues that central banks' monetary easing policies will likely drive significant Bitcoin price increases.

Hayes believes that the Federal Reserve and other central banks' decisions to lower interest rates will inject liquidity into the financial system, benefiting assets like Bitcoin.

He predicts this monetary shift will enhance Bitcoin's attractiveness as a hedge against inflation and currency devaluation. Hayes also emphasizes the importance of acting promptly to capitalize on the anticipated bullish trend in the cryptocurrency market.