BitMEX co-founder Arthur Hayes opined at the#Token2049event on Wednesday that Bitcoin and the entire crypto market will crash in the days following the Federal Reserve’s interest rate cut. He noted that the Fed’s recent 50 basis point rate cut, as well as a possible further 25 basis point cut, are happening against the backdrop of slowing inflation and a weakening labor market. Hayes: Fed rate cut will cause a crypto market crashSpeaking at the Token2049 conference on September 18, Hayes spoke about macroeconomic trends and their impact on the crypto market. In his opinion, the Fed’s actions related to lowering interest rates could crash markets, including Bitcoin and cryptocurrencies. Hayes believes that the probability of a 50 basis point rate cut is 60-70%, but he believes that this would be a mistake for the Fed in the current situation. The Fed plans to cut rates by 125 basis points by the end of the year, according to CME FedWatch data. Markets could collapse within days of the rate cut, Hayes said, as it would narrow the interest rate gap between the U.S. dollar and the Japanese yen.He also recalled that earlier, hedge funds and large investors, by curtailing their operations to carry the yen, almost caused a financial crisis when the Bank of Japan raised interest rates. Market ImpactCoinGape Media supports Hayes' forecast, noting that economists expect the Bank of Japan to raise rates as early as October, which could lead to volatility and uncertainty in the market. Hayes also pointed out that the yield on Treasury bills has been hovering around 5.5% for more than a year, after the Fed stopped raising rates. This has discouraged investors from attracting investors to assets with lower yields, which Hayes believes is one of the reasons for the low price of Ethereum. The US Dollar Index (DXY) has risen above 101 points, and the yield on the 10-year US Treasury note is at 3.717%, above a 15-month low. Investors are now actively awaiting the Fed's decisions on monetary policy. Ethereum OutlookHayes believes that Ethereum will become a more attractive asset once Treasury yields fall as a result of the Fed's rate cuts. He recommends that investors consider buying Ethereum, as well as sustainable yield products such as Pendle and USDe Ethena.ETFs and InvestmentsArthur Hayes also suggested an interesting idea for investors: buying Treasury bonds and creating legal structures through which interest on such bonds would be paid. He recently spoke about the recovery of the crypto market after the fall in BTC prices, noting that he closed his short position on Bitcoin after the statement of US Treasury Secretary Janet Yellen about regulating the crypto market#FavoriteToken#TopCoinsJune2024 #BTC🔥🔥🔥🔥🔥