According to ChainCatcher, at Token2049 held on September 18, BitMEX founder and Maelstrom CIO Arthur Hayes delivered a keynote speech entitled "Thoughts on Macroeconomics Current Events".
He said that today is Fed Day when the Federal Reserve will start to cut interest rates, and ETH is an Internet bond with a pledge rate of about 4%. As long as the Fed's interest rate cuts lead to the market's expectation that the US Treasury bond interest rate will be lower than 4%, ETH will become attractive and the EHT bull market will rise again. He also said that as the Fed cuts interest rates, there will be new winners and losers in crypto tokens. Tokens that exceed US Treasury bond returns will be winners, such as ENA, EHT, ETHFI, and PENDLE, while RWA tokens such as ONDO will be losers.
