Bitcoin’s Future in Flames: Entrepreneur Sounds the Alarm on Fed’s Monetary Policy Impact
Bitcoin Bitcoin‘s Future in Flames: Entrepreneur Sounds the Alarm on Fed’s Monetary Policy Impact ข่าว Bitcoin Ethereum Bitcoin and other cryptocurrencies could face a downfall if the Federal Reserve does not adjust its policy. The founder and former CEO of the cryptocurrency exchange BitMex, Arthur Hayes has cautioned that if the Federal Reserve does not adjust its monetary policy Bitcoin and the market for digital assets may see a possible decline. In a blog post published on January 19, Hayes specifically warned that the scenario might happen if Bitcoins recent advance has been sparked by the market anticipating a Fed resumption of money printing. Hayes said, “Bitcoin will probably tumble back down towards prior lows if the Fed does not follow through with a pivot or if many Fed governors play down any prospect of a pivot even after a strong Consumer Price Index (CPI) ”. He further cautioned that if such an event takes place, the impacts may spread to other risky assets while forecasting that pivoting will probably strengthen Bitcoin. Hayes also stated that bonds, stocks, and every type of cryptocurrency under the sun all get burnt as the support structure for the USD- based global financial system breaks down. If the Fed does execute