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Former BitMEX CEO Arthur Hayes suggested that Bitcoin (BTC) could rise if the US Federal Reserve (FED) lowers interest rates.
Criticizing the current monetary policy of the US, Arthur Hayes stated in a new article that the FED’s lowering of interest rates could be a trigger for Bitcoin to rise. According to Hayes, the US economy does not actually need to lower interest rates, but such a rate cut will not be a long-term solution and will only be a short-term stimulus.
Arthur Hayes Makes Statements About Bitcoin Rise
Arthur Hayes stated in his article that many people consider the FED’s interest rate cuts as a sign of a possible recession. Hayes thinks that if these recession fears come true, the FED could print a significant amount of money, which could increase inflation. This scenario could lead to an increase in the value of Bitcoin due to its limited supply.
Hayes also stated that global central banks, including the FED, have been cutting interest rates without reaching their inflation targets. He said that this situation could support the appreciation of Bitcoin and other cryptocurrencies.
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Hayes summarized his views as follows:
“I am a crypto guy, I don’t do shows. So I don’t know if stocks will rise or not. Some fear that there will be a recession in the US and therefore in global markets after the FED cuts interest rates. This may be true. Imagine what they will do if the FED cuts interest rates when inflation is above its target and growth is strong and there is a real recession in the US. They will accelerate money printing and significantly increase the money supply. This will lead to higher inflation. However, for assets with limited supply like Bitcoin, it will provide a lightning-fast rise.”
Arthur Hayes’ statements have sparked a wide debate about the possible impact on Bitcoin and the general cryptocurrency markets, and investors continue to closely monitor the FED’s future interest rate policies.
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