He emphasized that this would have a significant impact on both the financial and cryptocurrency industries, highlighting potential consequences for the global economy.
Hayes pointed out that in a rate-cut scenario, products offering yields higher than U.S. Treasury bills would have the upper hand. This could create opportunities for crypto projects that provide more attractive investment tools, potentially shifting the balance of power in the market.
According to Hayes, if the Fed does indeed lower rates, the best path forward for Ethereum would be its transformation into a bond with on-chain yield, making the network a stable financial instrument offering consistent returns.
Additionally, Hayes noted that such changes could drastically affect the fate of certain crypto projects. He also touched on Bitcoin staking and added that the weakening of the Japanese yen could play a role in the development of the crypto market. A more detailed analysis of these topics is available in the full article on the website.
