- Hayes is optimistic for December, anticipating potential surprises that could trigger a bullish wave and create significant gains in Bitcoin and other cryptocurrencies.
- Hayes is hopeful that Powell will make a bold move, such as lowering interest rates, and believes that this decision could propel Bitcoin to unprecedented levels.
- Hayes expects a change in monetary policy, anticipating a shift towards easing and lowering interest rates, metaphorically referring to this as the moment the ‘money printer’ comes into play.
Former BitMEX CEO Arthur Hayes is examining Bitcoin’s performance in December following the speech by the Federal Reserve Chairman.
Hayes Predicts Bitcoin’s December Performance
Former BitMEX CEO Arthur Hayes is optimistic for December, anticipating potential surprises that could trigger a bullish wave and create significant gains in Bitcoin and other cryptocurrencies. Entering December with high expectations, Arthur Hayes eagerly awaits the upcoming speech by Federal Reserve Chairman Jerome Powell, humorously describing it as a “gift.”
Hayes is hopeful that Powell will make a bold move, such as lowering interest rates, and believes that this decision could propel Bitcoin to unprecedented levels. December has traditionally been a positive month for Bitcoin, especially following positive closures in October and November. Looking at Bitcoin’s history, it can be observed that in eight out of the last thirteen years, Bitcoin completed the fourth quarter with positive gains.
Hayes’s optimism is based on an expectation of a change in monetary policy. He anticipates a shift towards easing and lowering interest rates, metaphorically referring to this as the moment the ‘money printer’ comes into play. This anticipated change is expected to lead to an increase in the value of more accessible money and financial assets, with Bitcoin expected to take the lead.
Comparisons with Historical Data
Looking at statistics, it can be observed that in eight out of the last thirteen years, Bitcoin completed the fourth quarter positively. This historical trend is increasing excitement around the current December in the crypto community, raising expectations within the crypto community.
As the crypto community eagerly awaits Powell’s speech, Arthur Hayes’s bold predictions and contagious enthusiasm set the stage for an exciting December. The likelihood of Bitcoin reaching new highs is closely tied to potential actions by the Federal Reserve, creating excitement in the crypto space.
