Fed’s ‘sugar high’ may propel Bitcoin surge — Arthur Hayes.
Arthur Hayes connects Federal Reserve actions to a short-lived economic boost with ripple effects on Bitcoin and broader crypto markets, underscoring risks from Japanese yen carry trade unwinding. Arthur Hayes, co-founder of BitMEX, has likened the United States Federal Reserve’s actions to that of a short-term “sugar high” for the economy, with rally ripple effects for crypto.
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Hayes argues that the Fed's decision to cut interest rates could lead to a substantial increase in Bitcoin's value. He believes that these rate cuts may encourage investors to turn to cryptocurrencies as an alternative investment, especially if the interest rate disparity between currencies narrows
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