Fed rate cut will crash the market -  Arthur Hayes on Token2049

The Шncrypted team is on Token2049 right now. Here's what's happening on stage

Ex-CEO BitMEX Arthur Hayes said the Fed will crash the market with its key interest rate cut.

Products that can offer yields above U.S. Treasury bills will win, he said.

Also, Hayes said, assuming a rate cut, Ethereum's best bet for growth is to become an onchain-interest bond.

Ethena is also bullish. USDe gives a lot more holdings of T-Bills. T-Bills will rise, ENA price will rise as well.