Arthur Hayes explains why Fed rate cuts aren’t helping Bitcoin
The flow of money has gone from treasury bills into higher-yielding reverse repos, according to the former BitMEX boss. 

Arthur Hayes, co-founder and former CEO of BitMEX, has shared his theory of why interest rate cuts by the United States Federal Reserve may not do much for Bitcoin prices.

In a post on X on Sept. 2, the Maelstrom chief investment officer said that despite Federal Reserve Chair Jerome Powell all but confirming a rate cut in September at his Jackson Hole speech on Aug. 23, Bitcoin prices have struggled and declined since.
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