Arthur Hayes: Bitcoin will quickly rise to $70,000 after the Fed decides to cut interest rates

Odaily News BitMEX founder Arthur Hayes wrote that the Federal Reserve’s real priority is to protect banks and other financial institutions from bankruptcy, and the problems in the bond market are so widespread and profound throughout the financial sector that they may cause the entire system to collapse. . The Fed’s only option is to cut interest rates, restore the health of the U.S. banking system, and watch Bitcoin quickly rise to $70,000.