It’s obvious that the value of Bitcoin has been doing pretty good in recent months. One Bitcoin (BTC) is now worth about $29,000, as we’ve shared the news in a recent article. In other words, potential investors in the famous cryptocurrency have more reasons to jump into the game.

The BitMEX founder, Arthur Hayes, also brings good news for the future of Bitcoin. In a recent essay, he suggests that the Federal Reserve’s decision to raise interest rates will act as a catalyst for a bullish trend in Bitcoin, as The Daily Hodl reveals.

Hayes explains that as the Fed aims to pay interest on reserve balances, it will potentially resort to printing more money, thereby injecting liquidity into the financial system. According to Hayes’s prediction, affluent individuals who receive interest payments from the Fed will likely channel those funds into purchasing high-risk assets.

Arthur Hayes explained, as the same publication mentioned above quotes:

All of this interest paid is effectively a stimulus program to wealthy asset holders. What do wealthy asset holders do when they have more money than they need? They purchase risk assets. Gold, Bitcoin, AI tech stocks, etc. will all be beneficiaries of this ‘wealth’ that is printed by the government and handed out as interest.

BitMEX, which is short for “Bitcoin Mercantile Exchange,” refers to a cryptocurrency derivatives exchange known for its margin trading platform. Established almost ten years ago, in 2014, by Ben Delo, Arthur Hayes, and Samuel Reed, BitMEX rapidly gained recognition in the cryptocurrency industry for its innovative approach to trading and its emphasis on leveraged trading products.

The founders of BitMEX, with their backgrounds in traditional finance and computer science, sought to create a platform that would enable traders to speculate on the price movements of cryptocurrencies using leverage.