Arthur Hayes, former CEO of BitMex, expressed his high expectations for Bitcoin and altcoins for December. He stated that the expected actions of Federal Reserve Chairman Jerome Powell could lead to significant increases in Bitcoin.
Arthur Hayes expressed his optimism about Powell’s upcoming speech, humorously referring to the Federal Reserve Chairman as the “fat white man.” Hayes believes that Powell’s decision to lower interest rates will push Bitcoin to new highs.
December has historical significance for Bitcoin. Especially after positive closings in October and November, Bitcoin has completed the fourth quarter in the green in eight of the last ten years. This statistical data increases the excitement for the current December.
The basis of Hayes’ optimism is Powell’s expected change in monetary policy and the anticipation of lowering interest rates. This situation could lead to an increase in the value of financial assets and Bitcoin leading the way.
Arthur Hayes’ exciting predictions and enthusiasm herald a busy process for December. The cryptocurrency community eagerly awaits Powell’s words that could potentially push Bitcoin to new highs. The real question is whether Powell’s actions can truly propel Bitcoin to the peaks of December.