Arthur Hayes repeats $1M BTC price bet

Bitcoin (BTC) and altcoins are a no-brainer bet in the current macro climate, Arthur Hayes says.

In a post on X (formerly Twitter) on Dec. 14, the former CEO of exchange BitMEX said that investors have “no excuse” to short crypto.

$1 million Bitcoin still in play in 2024 “great pivot”

Going long crypto is the key to success as markets bet on the United States Federal Reserve lowering interest rates next year, Hayes argues.

On Dec. 13, at the latest meeting of the Federal Open Market Committee (FOMC), Fed policymakers voted to continue a freeze on interest rate hikes.

While broadly expected, a subsequent speech and press conference with Chair Jerome Powell sparked talk of impending rate…

Read more on Cointelegraph

35.7K Reads