Fed Rate Cut May Impact Crypto, Central Banks Losing Relevance: Arthur Hayes

Summary:

In an article from CoinDesk, Arthur Hayes, the co-founder of BitMEX, suggests that a potential rate cut by the Federal Reserve could lead to a crash in cryptocurrency markets. Hayes argues that such monetary policy changes could have significant adverse effects on crypto assets. He also posits that the era of central banks wielding immense influence over markets is coming to an end, implying a shift towards decentralized financial systems. Hayes’ insights highlight the intricate relationship between traditional financial policies and the evolving cryptocurrency landscape.

For more details, you can read the full article here.