© Reuters ‘Ship Bitcoin (BTC) to the Moon’: Arthur Hayes Awaits December Presents
U.At this time – As December unfolds, , the previous BitMex CEO, expresses his eagerness for what he playfully phrases as “gifts” from an “old white man,” referring to the anticipation surrounding Fed Chairman Jerome Powell’s upcoming speech.
In a spirited message, Hayes emphasised his want for Powell to make a daring transfer by slashing rates of interest and propelling to new heights.
Hayes’ enthusiasm shouldn’t be with out trigger. Traditionally, December has confirmed to be a bullish month for , significantly when preceded by optimistic closures in October and November.
Bitcoin worth historical past is on bullish facet
In line with a latest U.At this time evaluate of historical past, eight out of the final 13 years have seen Bitcoin conclude the fourth quarter within the inexperienced zone. This statistical development provides to the anticipation surrounding the present December, heightening expectations throughout the cryptocurrency neighborhood.
Bitcoin’s Quarterly Returns by The main focus of Hayes’ optimism lies in his anticipation of a financial coverage shift by Powell. The previous BitMex CEO predicts a pivot towards easing financial coverage and decreasing rates of interest.
In easier phrases, Hayes expects the metaphorical “money printer” to be activated, leading to cheaper cash and an upswing within the worth of economic belongings, with Bitcoin on the forefront.
Because the crypto neighborhood eagerly awaits Powell’s speech, Arthur Hayes’ daring predictions and contagious enthusiasm set the stage for an thrilling December. The prospect of Bitcoin ascending to new heights is intricately linked to the potential actions of the Federal Reserve, making a buzz throughout the crypto area.
The query on everybody’s thoughts is: will Powell’s phrases and actions certainly ship to the moon this December? The crypto world is poised for an exciting experience.
