As the US Federal Reserve's first interest rate cut in four years approaches, BitMEX co-founder Arthur Hayes evaluated the possible effects on the cryptocurrency market at the Token2049 event in Singapore on September 18.

- Hayes criticized the Fed's strategy and predicted that the interest rate cut could lead to a collapse in the markets.

- The interest rate cut is expected to be between 50-75 basis points.

- Hayes stated that Treasury bonds provide a 5% return and that in this case, the attractiveness of risky crypto investments decreases.

- He stated that Ethereum has recently underperformed compared to Bitcoin, but may recover in the future.

Hayes predicted that if interest rates fall rapidly, Ethereum could gain value and the market could revive.