Arthur Hayes, a prominent figure in the cryptocurrency industry, has warned that a rate cut by the Federal Reserve could have detrimental effects on crypto markets. According to Hayes, such a move could contribute to inflation and also strengthen the Japanese yen, leading to a market crash.
Hayes suggests that the era of central banks is coming to an end as their traditional roles and interventions are proving to be increasingly ineffective in today’s economic climate. His comments highlight the vulnerabilities and interconnectedness of global financial systems.
