Arthur Hayes, co-founder of BitMEX (CRYPTO:BMEX), has advocated for investors to take long positions on Bitcoin (CRYPTO:BTC) and promising altcoins, anticipating an upcoming bull run.

He suggests that actions by central banks, particularly the US Federal Reserve, could stimulate the crypto market, potentially leading to substantial gains.

Additionally, Hayes predicts that neither the Federal Reserve nor the Bank of Japan will adjust rates in their June meetings, while expressing optimism about potential rate cuts by the Bank of England.

With Bitcoin nearing a new all-time high, other analysts echo Hayes' bullish sentiment, anticipating a breakout in the cryptocurrency market.