Two Catalysts Identified by BitMEX Co-founder Arthur Hayes That Could Propel Bitcoin and Ethereum to New Highs
Arthur Hayes, the co-founder of BitMEX, has unveiled two significant catalysts that he believes could potentially propel Bitcoin (BTC) and Ethereum (ETH) to unprecedented highs. Hayes highlights the recent accumulation of BTC by newly launched spot Bitcoin exchange-traded funds (ETFs) in the US as a potential driver for Bitcoin’s value surge. Additionally, he points to potential interest rate cuts by the Federal Reserve, projected to commence in June according to the CME Group’s FedWatch tool, as another factor that could boost the value of both cryptocurrencies.
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