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Crypto Warning: Arthur Hayes Foresees Short-Term Market Crash Linked To Interest Rate Cuts

  • Former BitMEX CEO Arthur Hayes warns of a potential short-term crypto market crash linked to upcoming interest rate cuts by the US Federal Reserve (Fed).
  • Hayes believes the Fed's decision to cut rates is a mistake given the increased money printing and spending by the US government.
  • He predicts that the market will collapse a few days after the Fed's rate cut, citing the potential narrowing of the interest rate differential between USD and JPY.
  • Hayes highlights that investors may prefer holding government-backed Treasury Bills during market turmoil rather than riskier decentralized finance (DeFi) applications.

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