Arthur Hayes: If Powell delivers a hawkish speech tonight, ETH may retest $4000
BlockBeats News, August 22nd, BitMEX co-founder Arthur Hayes today expressed his views on the impact of Powell's interest rate policy on the crypto market during his appearance on the Crypto Banter podcast, with the following key points:
1. Doesn't believe Powell has to do anything. Personally, I won't trade based on the assumption of "Fed cuts rates by 50 basis points." If Powell insists on not cutting rates, the government will definitely find a way to "squeeze out liquidity."
2. The market could very well replay the 2022 scenario — anticipating a rate cut, but Powell suddenly delivers a "hawkish blow," resulting in a market crash.
3. If Powell delivers a hawkish speech at Jackson Hole, ETH may retest $4000 first.
Regarding stablecoins, Arthur Hayes said that people's imagination about stablecoins is not big enough. Treasury Secretary Benson will use stablecoins to reverse the trend of "de-dollarization" — bringing back global offshore dollar flows to the United States, while providing banking services to so-called "Global Southern countries (mainly developing countries in Asia and Africa)," even if local regulations do not permit it.
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