Arthur Hayes: 'Plentiful Filthy Fiat Money' Could Stimulate The Economy Ahead Of November Election
Portfolio Pulse from Murtuza Merchant
Arthur Hayes, co-founder of BitMEX, suggests that the Federal Reserve's monetary policy may be influenced by the upcoming U.S. presidential election, potentially leading to interest rate cuts to stimulate the stock market. This could result in increased liquidity and a bullish market sentiment.
August 28, 2024 | 11:39 am
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Arthur Hayes predicts that the Federal Reserve's potential interest rate cuts and increased liquidity could drive Bitcoin prices higher, possibly reaching $100,000.
Hayes suggests that the Fed's actions to cut interest rates and increase liquidity could lead to a bullish sentiment in the market, benefiting Bitcoin as an asset. This aligns with his previous prediction of Bitcoin reaching $100,000.
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