Fed echoes 2008 crisis moves
The comments come a day after the Fed swooped to decrease interest rates on some loans which reached more than 10%, or four times its target. More than $53 billion was pumped into the economy.
“QE4eva is coming. Once the Fed gets religion again, get ready for #bitcoin $20,000,” Hayes wrote.
The Fed’s QE injection marked its first emergency intervention since the end of the 2008 financial crisis, an event directly leading to Bitcoin’s creation.
Hayes doubles down on Bitcoin price
Not just the Fed, meanwhile, but also the European Central Bank (ECB) is following the QE trend once more this year.
Completing its latest move last week, commentators believe markets want the ECB to continue the same behavior, giving rise to the “QE4eva” phenomenon described by Hayes.
Earlier this month, Hayes already said Bitcoin would again hit its all-time high of $20,000. BitMEX is still grappling with unwanted attention from U.S. regulators, who suspect that Americans are bypassing BitMEX geoblocking and accessing the platform.