👀 Crypto enthusiasts, get ready for a wild ride! BitMEX co-founder Arthur Hayes just dropped some spicy takes at Token2049 in Singapore. As the Fed gears up for its first rate cut in four years, Hayes predicts some major market moves.
- Hayes thinks the Fed's rate cut is a "colossal mistake" amidst rampant US dollar printing.
- He warns of a potential market collapse post-rate cut, citing past financial stress.
- Despite T-bills offering 5% yields, Hayes believes Ethereum could reignite its bull market if rates drop quickly.
💬 What do you think? Will the Fed's decision boost or bust the crypto market? Share your thoughts below! 🚀