Arthur Hayes, former CEO of BitMEX, published his latest blog post on the Fed's policy on inflation and Bitcoin.
After the sharp decline in BTC and altcoins, while everyone was explaining the prediction, another prediction came from Arthur Hayes.
Believing that BTC will not fall below $20,000 at this point, Hayes expects it to consolidate around $25,000 in Bitcoin after the start of the third quarter of 2023.
Stating that the FED implemented the policies of the 1980s regarding inflation, Hayes pointed out that the economic and monetary conditions in the USA today are quite different from those in 1980.
“Economic and monetary conditions in the United States today are quite different from those in 1980.
Anyone who thinks the Fed can use the same tactics and achieve the same results as in 1980 would be wrong.
In short, tactics that worked in the good conditions of the past will not be successful in today's tough, bumpy and competitive times.”
Hayes added that the Fed will eventually have to print a large amount of money.
At this point, Arthur Hayes argued that technology stocks, Bitcoin and cryptocurrencies will continue to rise as long as they stick to the current path of the FED.
“As the Fed continues with its current policy, the banking system will be shaken and the value of Bitcoin will strengthen.
One of Bitcoin's value propositions is that it is an antidote to the corrupt, corrupt and parasitic fiat banking system.
As a result, the current policy of the Fed will play an important role in triggering the next cryptocurrency rally.”
*Not investment advice.