Crypto Markets Are Booming, Arthur Hayes In The Spotlight!
- Arthur Hayes, former CEO of BitMEX, provides an interesting view on the impact of the Fed's interest rate cut on Bitcoin (BTC) and the crypto market. According to Hayes, this 50 basis point interest rate cut could trigger a short-term decline in BTC.
- However, Hayes sees long-term hope. He believes that the era of central banks is ending, and Bitcoin can shine as a portable global asset. đ
- On the other hand, Blackrock's entry with its Bitcoin ETF could attract institutional funds and provide stability to the market. This could be a counterbalance to the negative effects of the Fed's decision.
- Hayes predicts that BTC may fall, but the crypto market is known to be resilient. With strong institutional support, BTC is believed to bounce back. đ
Stay tuned for further developments!
