Arthur Hayes, co-founder of BitMEX, compared the actions of the US Federal Reserve (Fed) to a short-term “sugar rush” for the economy, with a ripple effect for crypto.

- Hayes linked the Fed’s recent decisions to the possibility of pushing investors towards Bitcoin (BTC) and other cryptocurrencies.

- He said the Fed’s rate cuts could undermine the Japanese yen trading strategy unless the Fed “increases the money supply.”

- This could lead to global market volatility and push central banks to expand their balance sheets, increasing BTC’s liquidity and value.

Hayes said BTC and ETH need to break through the $70,000 and $4,000 marks for the altcoin season to begin. He predicted BTC would quickly hit $100,000 if $301 billion in T-bills are issued before the end of the year.

💬 What do you think about Hayes' prediction? Comment below!#Crypto#Bitcoin#Blockchain#FinanceNews