[Blockchain News] Arthur Hayes, co-founder of BitMEX, posted on the X platform that the Fed's interest rate hikes have failed to effectively curb inflation, mainly due to the government's huge fiscal spending. 🤔He predicts that the Fed may no longer raise interest rates further, and the market will adjust the interest rate level itself, and the 10-year US Treasury bond yield may climb to 5%. This will have an important impact on risky assets, including cryptocurrencies.
Hayes believes that the US Treasury may increase market liquidity by issuing more short-term Treasury bonds and adjusting fiscal policies to prevent the financial system from getting into trouble due to rising debt costs. He said that once liquidity increases, the cryptocurrency market may usher in new opportunities for growth, especially when global central bank policies are wavering.
He emphasized that although Bitcoin prices may fluctuate in the short term, in the long run, as liquidity is injected back into the market, the bull market in cryptocurrencies will be expected to restart. 💡What do you think? Welcome to share your views in the comment section!