Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
BitMEX Former CEO Arthur Hayes Reveals the Altcoin He Expects to Rally After FED Rate Cuts!

BitMEX Former CEO Arthur Hayes Reveals the Altcoin He Expects to Rally After FED Rate Cuts!

BitcoinsistemiBitcoinsistemi2024/09/18 11:15
By:Elif Azra Güven

Former BitMEX CEO Arthur Hayes said he expects bulls in Ethereum with the FED's interest rate cuts.

Former BitMEX CEO Arthur Hayes, who attracted attention with his analyses of Bitcoin (BTC) and the cryptocurrency market, explained his bullish predictions about Ethereum and some altcoins in his latest statements.

Hayes, who based his bullish forecasts on the FED's interest rate cuts, said he expects a new ETH bull run if US Treasury rates fall below 4%.

Related News Arthur Hayes Said "$50,000 in Bitcoin is Back on the Table", Announced the Altcoins He Will Buy in the Fall!

Speaking about the FED interest rate cuts, Hayes said that the interest rate cut could increase inflation and collapse the markets by strengthening the Japanese yen.

The Fed is expected to announce its first interest rate cut since 2020 later today. This is expected to kick off an easing cycle that has historically been seen as a good sign for Bitcoin (BTC).

However, Hayes argued that the upcoming rate cut would exacerbate the inflation problem and lead to a strengthening of the yen (JPY), causing a broad-based risk aversion trend and risk assets including cryptocurrencies could crash within days of the first rate cut.

Hayes pointed out that the only thing that matters in the short term is the USD/JPY pair, citing the early August decline as an example.

A New Ethereum Bullish May Begin!

Speaking at the Token2049 conference in Singapore, BitMEX co-founder Arthur Hayes predicted that a new ETH bull run would begin as the Fed’s interest rate cuts push US Treasury rates below 4%, JinSe Finance reported.

Stating that ETH is a type of internet bond that offers a staking yield of approximately 4%, Hayes stated that as the FED lowers interest rates, altcoins such as ENA, ETHFI and PENDLE, other than Ethereum, will rise and surpass the US Treasury yield in terms of profit.

According to Hayes, near-zero interest rates mean investors may start looking for yield elsewhere again, which could reignite a bull run in yield-generating areas of the cryptocurrency market (Ether, Ethena’s USDe and Pendle’s BTC staking).

Finally, Hayes added that as Fed rate cuts come, real world asset (RWA) tokens like ONDO will be the losers.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Hyperliquid launches native token HYPE

Coinjournal2024/11/30 00:33

Standard Chartered Analysts Predict Stablecoins Will Represent 10 Percent of US Economy in the Future!

Analysts at Standard Chartered and Zodia Markets predict that stablecoin adoption will see significant growth, potentially representing 10% of US M2 transactions in the future.

Bitcoinsistemi2024/11/30 00:00

Is $100,000 the Limit in the Bitcoin Rally or Will It Continue? Here’s a Clear Opinion for the Top

While the Bitcoin price has reached the $100,000 limit, the questioning of what goes beyond this level has begun. Here are the details.

Bitcoinsistemi2024/11/30 00:00