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Arthur Hayes is waiting for presents in December

Gamza Khanzadaev

As December progresses, Arthur Hayes is eagerly anticipating potential gifts and expects Bitcoin to rise to the moon following Jerome Powell's expected interest rate cut

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In December, Arthur Hayes, the former CEO of BitMex, expressed his enthusiasm for what he jokingly referred to as “gifts” from an “old white man,” referring to the anticipation of Fed Chair Jerome’s upcoming speech Powell.

In a lively message, Hayes emphasized his desire for Powell to make a bold move by cutting interest rates and catapulting Bitcoin to new levels.

Hayes' enthusiasm is not unfounded. Historically, December has proven to be a bullish month for Bitcoin, especially when preceded by positive closes in October and November.

Bitcoin price history is bullish

According to a recent U.Today review of BTC price history, Bitcoin finished the fourth quarter in the green in eight of the last thirteen years. This statistical trend increases anticipation for the current December and increases expectations within the cryptocurrency community.

Bitcoin’s quarterly returns from CryptoRank

The focus of Hayes' optimism lies in his expectation of a change in monetary policy by Powell. The former BitMex CEO predicts a shift towards easing monetary policy and lowering interest rates.

In simpler terms, Hayes expects the metaphorical “money printer” to activate, resulting in cheaper money and an increase in the value of financial assets, with Bitcoin leading the way.

As the crypto community eagerly awaits Powell's speech, Arthur Hayes' bold predictions and infectious enthusiasm set the stage for an exciting December. The prospect of Bitcoin rising to new heights is closely tied to the possible actions of the Federal Reserve, which is causing a stir in the crypto space.

The question on everyone's mind is: Will Powell's words and actions actually send BTC to the moon in December? The world of cryptocurrencies is about to embark on an exciting journey.

About the author

Gamza Khanzadaev

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in Finance and Credit with a specialization in Securities and Financial Derivatives. He then completed a master's degree in banking and asset management.

He wants to contribute to reporting on business and fintech topics and educate more people about cryptocurrencies and blockchain.

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

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