⚡️ Arthur Hayes is against the rate cut.

The rate cut is a bad idea because inflation is still an issue in the U.S., with the government being the biggest contributor to the sticky price pressures. If you make borrowing cheaper, it adds to inflation.

Against this backdrop, Hayes expects the crypto market to collapse within a couple days of the cut.

I don't agree with this outcome, but it's not much longer, we'll see.🕯