Arthur Hayes made massive predictions at the Token 2049 event in Singapore.
Hayes believes the expected Fed’s rate cut can lead to an ETH bull run.
The BitMEX co-founder foresees a sharp drop in risk assets to follow an interest rate cut.
BitMEX co-founder Arthur Hayes shared some bold predictions while speaking at the Token2049 crypto event. He believes a new ETH bull run will start when the U.S. Federal Reserve’s rate cuts push U.S. Treasury rates below 4%.
The well-known crypto figure compared ETH to an internet bond that offers staking yields of around 4%. According to Hayes, as the Federal Reserve cuts rates, tokens outperforming U.S. Treasuries in yields would see benefits. He pointed out tokens like ENA, ETH, ETHFI, and PENDLE as examples. However, he thinks real-world asset (RWA) tokens like ONDO would lose out in this scenario.
Meanwhile, the BitMEX co-founder warned of a potential sharp drop in risk assets if the Federal Reserve cuts interest rates. Hayes criticized the rate-cut decision, pointing to ongoing inflation in the U.S. He suggested that a narrowing U.S.-Japan interest rate spread could result in a stronger yen, putting the U.S. at a …
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