Arthur Hayes Predicts How Fed Rate Cuts Will Impact Crypto Markets 🚀
- At Token2049 Singapore, Hayes said the Fed is making a "huge mistake" by cutting rates amid rising government spending.
- He predicts a market crash after the rate cut, possibly by 75 or 50 basis points.
- Hayes compares T-bill yields to crypto, saying crypto yields are currently less attractive than T-bills at 5.5%.
- He's still invested in ETH despite lower yields than T-bills, expecting Ethereum to recover when interest rates drop rapidly.
What do you think of Hayes' prediction? Comment now! 💬#Crypto#Bitcoin#Ethereum#Fed #Token2049