BitMEX co-founder Arthur Hayes says his prediction of a 2,222% Bitcoin (BTC) gain remains on track after the Federal Reserve indicated rate cuts next year.
The Fed’s decision on Wednesday creates a more favorable macroeconomic landscape for risk-on assets like Bitcoin, according to Hayes.
“At this point, there is no excuse not to be long crypto. How many more times must they tell you that the fiat in your pocket is a filthy piece of trash. Believe in the Lord, and he shall set you free.
BTC = $1 million.
Yachtzee!”
Earlier this month, Hayes suggested that rate cuts would trigger a massive rally for Bitcoin.
“It’s December and I don’t know about you but I’m ready for an old white man to give me some gifts. JAYPOW [chair of the Federal Reserve Jerome Powell] cut the f*cking rates and send BTC to Da Moon!”
Hayes previously said that looser monetary policy by the Fed would be one key reason to turn bullish on Bitcoin.
Bitcoin is trading for $43,058 at time of writing, up slightly in the last 24 hours.
He is also predicting that Ethereum (ETH) competitor Solana (SOL) will continue to soar more than 32% from its current value.
“SOL = $100.”
Solana is trading for $75.35 at time of writing, up 7.7% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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