BitMEX co-founder Arthur Hayes continues to insist that the Federal Reserve's rate cut is a "bad idea."

- In an exclusive interview with CoinDesk at the Token2049 event, Hayes expressed concern that risk assets like cryptocurrencies could collapse after the Fed cuts rates.

- The Fed will announce its rate decision today. Since 2020, the central bank has been raising rates to curb inflation in the wake of COVID. Hayes believes that cutting rates will increase inflation and negatively impact risk assets.

- Hayes likens the Fed's rate cut to a "sugar rush," which will only have a short-term impact on the crypto market. 🏦

- Analysts predict the Bank of Japan (BoJ) will raise interest rates to regulate the USD/JPY market, while the Fed cuts rates.

- Hayes predicts the Fed's interest rate will fall to zero, causing an initial negative reaction and forcing the central bank to cut further. 💹