As the United States Federal Reserve approaches its first rate cut in four years, BitMEX co-founder Arthur Hayes has offered his insights on the potential impacts on the cryptocurrency market during his keynote at Token2049 in Singapore on Sept. 18. The speech, titled “Thoughts on Macroeconomics Current Events,” explored the financial dynamics of holding Treasury bills with a 5% yield versus investing in cryptocurrencies amid impending market shifts triggered by the Fed’s decision. Before delving into cryptocurrency implications, Hayes criticized the Federal Reserve for its strategy. “I think that the Fed is making a colossal mistake cutting rates at a
