BitMEX co-founder Arthur Hayes as Federal Reserve hints at rate cuts next year Bitcoin A scenario where the price could rise up to 2222% shared.
At this point, there is no excuse not to be long #crypto. How many more times they must tell you that the fiat in your pocket is a filthy piece of trash. Believe in the Lord, and he shall set you free. $BTC = &1mm
NEWS CONTINUES BELOWYachtzee!!! pic.twitter.com/xbJUCnyy6f
— Arthur Hayes (@CryptoHayes) December 14, 2023
NEWS CONTINUES BELOW
According to Hayes, the decision announced by the Fed on Wednesday is a pioneering statement that will create a more favorable macroeconomic environment for risky assets such as BTC.
At this point, there is no excuse not to hold out for the long haul in crypto assets. How many times do they have to tell you that the dollars in your pocket are a dirty piece of garbage? Believe in God and he will set you free.
BTC = 1 million dollars!
Earlier this month, Hayes attracted attention with his statements suggesting that interest rate cuts would trigger a major rally for Bitcoin.
Reminding that it was December, Hayes referred to New Year’s gifts and commented, “I’m waiting for white men to give me gifts,” pointing to US officials. Pointing to the December statement to be made by Federal Reserve Chairman Jerome Powell, the CEO believed that the Bitcoin price would receive the first signal to move after the good news of ‘lowering’ interest rates.
Hayes had previously stated that the Fed’s looser monetary policy would be an important reason to be bullish on Bitcoin. BTC was trading around $43,000 at the time of writing.
He also predicts that Ethereum (ETH) rival Solana (SOL) will continue to rise more than 32% from its current value.