BitMEX co-founder Arthur Hayes says his prediction of a 2,222% Bitcoin (BTC) acquire stays on observe after the Federal Reserve indicated price cuts subsequent yr.
The Fed’s choice on Wednesday creates a extra favorable macroeconomic panorama for risk-on property like Bitcoin, in keeping with Hayes.
“At this level, there isn’t a excuse to not be lengthy crypto. What number of extra instances should they inform you that the fiat in your pocket is a grimy piece of trash. Imagine within the Lord, and he shall set you free.
BTC = $1 million.
Yachtzee!”
Earlier this month, Hayes suggested that price cuts would set off an enormous rally for Bitcoin.
“It’s December and I don’t find out about you however I’m prepared for an previous white man to present me some items. JAYPOW [chair of the Federal Reserve Jerome Powell] reduce the f*cking charges and ship BTC to Da Moon!”
Hayes beforehand mentioned that looser financial coverage by the Fed could be one key cause to show bullish on Bitcoin.
Bitcoin is buying and selling for $43,058 at time of writing, up barely within the final 24 hours.
He’s additionally predicting that Ethereum (ETH) competitor Solana (SOL) will proceed to soar greater than 32% from its present worth.
“SOL = $100.”
Solana is buying and selling for $75.35 at time of writing, up 7.7% within the final 24 hours.
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