Investing.com – The crypto community is electrified: the prospect of lower interest rates is fueling fantasies of rapid price increases in and other cryptocurrencies. But is this euphoria really justified, or are we in for a nasty surprise?
Arthur Hayes, co-founder of the crypto exchange BitMEX and a perennial Bitcoin bull, warns against premature celebrations.
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In a recently published essay, Hayes argued that the market is going through a kind of “sugar rush,” fueled by the announcement of rate cuts by Jerome Powell, the chairman of the US…
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