As December unfolds, Arthur Hayes, the former BitMex CEO, is filled with optimism, envisioning surprises that could set off a bullish wave in Bitcoin and other cryptocurrencies.
His insights are definitely worth noting. Don’t wait any longer; dive in!
Powell’s “Gift”
Entering the month with high hopes, Hayes eagerly awaits Federal Reserve Chairman Jerome Powell’s upcoming speech, playfully dubbing it a possible “gift” from an “old white man.” Hayes is hopeful that Powell will make a bold move by slashing interest rates, a decision he believes could propel Bitcoin to unprecedented heights.
Historically, December has been a positive month for Bitcoin, especially following favorable closures in October and November. A closer look at Bitcoin’s price trends over the years reveals that in eight out of the last thirteen, the cryptocurrency has concluded the fourth quarter with substantial gains.
Read More: Bitcoin Price Prediction: Yusko Predicts BTC Price To Double During the Next Halving Cycle!
Noting the Monetary Shifts
Hayes’s upbeat outlook is based on the anticipation of a pivotal shift in monetary policy. He predicts a move towards easing monetary policy and reducing interest rates, metaphorically activating the “money printer.”
This expected shift is poised to inject more accessible money into the system, propelling a surge in the value of financial assets, with Bitcoin leading the way.
The Stage for December is Set
Analyzing the statistics, the historical trend continues to fuel excitement. Eight out of the last thirteen years have seen Bitcoin ending the fourth quarter on a positive note. This established pattern amplifies the enthusiasm surrounding the current December, heightening expectations within the cryptocurrency community.
As the crypto community eagerly awaits Powell’s speech, Arthur Hayes’ bold predictions and infectious enthusiasm set the stage for an exhilarating December. The prospect of Bitcoin reaching new heights is intricately tied to the potential actions of the Federal Reserve, creating a palpable buzz within the crypto space.
The scene is set for a December to remember, guided by the anticipation of a crypto surge fueled by monetary shifts and an old white man’s “gift.”
