đ Arthur Hayes, co-founder of BitMEX, shared his thoughts at TOKEN2049 in Singapore, expressing concerns over the upcoming Federal Reserve interest rate cut. Scheduled for discussion on September 18, Hayes believes this could trigger a market crash, followed by a bullish recovery. đ
He highlighted the potential impact on both traditional and crypto markets, suggesting that a significant rate cut could fuel inflation and weaken the U.S. dollar. Hayes pointed to Ethereum and other crypto assets as potential winners if Treasury yields fall. Stay tuned, the crypto market could be in for a wild ride! #CryptoNews #Web3 #Blockchain
