Arthur Hayes Predicts Bitcoin Bull Run Following FED Decision

After the much-anticipated Federal Reserve decision, Bitcoin and various altcoins saw notable gains.

Bitcoin surged past $87,000, and Ethereum managed to climb above $2,000, marking a significant milestone after a period of decline.

As speculations swirled about the sustainability of this price increase, Arthur Hayes, co-founder of BitMEX, shared his views on the market’s reaction to the Federal Open Market Committee (FOMC) meeting. According to Hayes, Bitcoin has likely reached its lowest point and is set for a continued upward trajectory.

Hayes, known for his bold market predictions, pinpointed $77,000 as the bottom for Bitcoin, suggesting that a strong rally could follow, especially as the Federal Reserve starts cutting interest rates. He also noted that while Bitcoin may experience upward momentum, stock markets could face further declines, potentially pushing Fed Chairman Jerome Powell to adopt policies favored by former President Donald Trump.

Additionally, Hayes pointed out that the end of quantitative tightening (QT) by April 1, alongside a potential exemption to the Supplementary Leverage Ratio (SLR) or the resumption of quantitative easing (QE), would likely provide further support for Bitcoin and the broader crypto market.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.