The post Arthur Hayes Predict December Bitcoin Boost from Jerome Powell’s Upcoming Fed Speech appeared first on Coinpedia Fintech News
Arthur Hayes, the former BitMex CEO, is optimistic about December, foreseeing potential surprises that could trigger a bullish wave, driving significant gains in Bitcoin and other cryptocurrencies.
A Bullish Gift in December
Entering December with high expectations, Arthur Hayes eagerly awaits Federal Reserve Chairman Jerome Powell’s upcoming speech, humorously referring to it as a possible “gift” from an “old white man.”
Hayes is hopeful that Powell will make a bold move by cutting interest rates, a decision he believes could propel Bitcoin to unprecedented levels.
December has traditionally been a positive month for Bitcoin, especially following favorable closures in October and November. Examining Bitcoin’s historical price trends reveals that in eight of the last thirteen years, Bitcoin has concluded the fourth quarter with positive gains.
Hayes Expects Powell’s Monetary Policy Shift
Hayes’s optimism is grounded in the anticipation of a shift in monetary policy. He predicts a move towards easing monetary policy and reducing interest rates, metaphorically activating the “money printer.”
This anticipated shift is expected to result in more accessible money and a surge in the value of financial assets, with Bitcoin leading the way.
Looking at the statistics, eight out of the last thirteen years have seen Bitcoin end the fourth quarter on a positive note. This historical trend adds to the excitement surrounding the current December, heightening expectations in the cryptocurrency community.
As the crypto community eagerly awaits Powell’s speech, Arthur Hayes’ bold predictions and infectious enthusiasm set the stage for an exciting December.
The possibility of Bitcoin reaching new heights is intricately tied to the potential actions of the Federal Reserve, creating a buzz within the crypto space.
#News [Source: Coinpedia]