Bitcoin Can Quickly Rally To $70000 After Fed Decision, Says BitMEX Arthur Hayes

BitMEX co-founder Arthur Hayes on Tuesday revealed that the U.S. Federal Reserve deciding to cut interest rates will make Bitcoin quickly rally towards $70,000. Hayes earlier considered Bitcoin to rise towards $70,000 after March, but the Fed hiked interest rates three times from March to the present. Fed Chair Jerome Powell said to rely on inflation and jobs data to make their next decision.