Arthur Hayes Awaits December Gifts: Will Bitcoin Soar to New Heights?
As December unfolds, the anticipation surrounding Fed Chairman Jerome Powell’s upcoming speech has former BitMex CEO Arthur Hayes eagerly awaiting what he playfully terms as “gifts” from an “old white man.”
The spirited message from Hayes emphasizes his desire for Powell to make a bold move by slashing interest rates and propelling Bitcoin to new heights.
Historically, December has proven to be a bullish month for Bitcoin, particularly when preceded by positive closures in October and November.
Bitcoin’s Quarterly Returns
- Eight out of the last thirteen years have seen Bitcoin conclude the fourth quarter in the green zone.
- This statistical trend adds to the anticipation surrounding the current December, heightening expectations within the cryptocurrency community.
Hayes’ optimism lies in his anticipation of a monetary policy shift by Powell, predicting a pivot toward easing monetary policy and lowering interest rates.
Hayes expects the metaphorical “money printer” to be activated, resulting in cheaper money and an upswing in the value of financial assets, with Bitcoin at the forefront.
Arthur Hayes’ bold predictions and contagious enthusiasm set the stage for an exciting December as the crypto community eagerly awaits Powell’s speech. The prospect of Bitcoin ascending to new heights is intricately linked to the potential actions of the Federal Reserve, creating a buzz within the crypto space.
The question on everyone’s mind is: will Powell’s words and actions indeed send Bitcoin to the moon this December? The crypto world is poised for a thrilling ride.
