Also known as crypto expert BitMEX founder Arthur Hayesreiterated his prediction that the value of Bitcoin could reach $1 million.
Hayes to hundreds of thousands of Twitter followers, FedDue to changes in the monetary policy of Bitcoin 27 thousand 500 dollars He says he will see a gain of more than 3,400 percent from his current value, which is above
“Fed will lower interest rates, Bitcoin will rise”
BitMEXco-founder, Chairman of the US Federal Reserve Jerome PowellHe also predicts that the U.S. will have to start lowering interest rates to curb inflation in response to recession concerns.
According to Hayes, the rate cut bitcoinIt will act as a catalyst to raise the price of . Meanwhile bitcoinis known for generally performing well when more liquidity enters the markets.
Hayes said in a statement:Powell interest the faster it increases, the faster it will have to cut.” said. Addressing Powell, Hayes said, “BTCI will buy all the drops in . Thanks for more entry points, sir.” said.
Likened BTFP to COVID incentives
BitMEX founder, Fedannounced this month to provide liquidity to struggling US banks. Bank Term Funding Program(BTFP) also mentioned. BTFPHe said that .
BTFP, BitcoinHe thinks that it is similar to the stimulus fund reinforcement applied by the Fed during the COVID epidemic, where the .
“You can either be a sucker or a saint”
Hayes’ predictions do not end there. crypto expert, Fed’also has yield curve control, a type of monetary policy in which the government buys bonds to limit long-term interest rates to a specific target. (YCC) envisages to attend.
In his comment on the subject, “US Treasury Secretary Janet It began to progress very slowly on the path to Yield Curve Control. Welcome to the beginning of financial pressure. You can be either a sucker or a saint when it comes to your capital. If you treat your capital well, it will treat you well.” used the phrases.
Hayes finally, People’s Bank of ChinaThe required reserve ratio (RRR) of 0.25 by reducing the monetary policy in China. He made a similar prediction for Bitcoin in response to recent changes. ChineseHe said he believes this move of .