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WARNING: Bitcoin’s About to Skyrocket Due to ‘Sugar High’ From Fed – Expert Who Used to Run Illicit Crypto Exchange Warns You!

BitcoinCrypto NewsRegulation/Negotiation 3 Barry Thompson August 30, 2024

A cartoon of a rollercoaster reaching its peak before plummeting downwards, symbolizing the 'sugar high' effect on the economy and crypto market; in the background, a giant money bag overflowing with cash is shown expanding to represent increased liquidity.

Just when you thought it was safe to go back into the cryptocurrency pool… Arthur Hayes is at it again, spewing his usual brand of snake oil about how Bitcoin’s going to moon because of some ‘sugar high’ from the Fed. Let me tell you something, folks – this guy used to run a crypto derivatives exchange that got shut down by regulators for being a hotbed of illicit activity. Talk about an expert on responsible financial practices… Hayes is now peddling his wares as a cryptocurrency guru, and if you believe him, more power to you.

Source: cointelegraph

Fed’s ‘sugar high’ may propel Bitcoin surge — Arthur Hayes
https://cointelegraph.com/news/feds-sugar-high-bitcoin-surge-arthur-hayes
Arthur Hayes, co-founder of BitMEX, has likened the United States Federal Reserve’s actions to that of a short-term “sugar high” for the economy, with rally ripple effects for crypto. In his latest article on Medium, Hayes directly connects some recent central bank decisions and the potential to push investors toward Bitcoin (BTC) and other cryptocurrencies. In particular, Hayes cites the US Federal Reserve rate cuts as a catalyst for a […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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