Arthur Hayes, co-founder and former CEO of the cryptocurrency exchange BitMEX, has turned attention to memecoins after Bitcoin 
$69,531’s (BTC) impressive weekend performance. In a statement on social media, Hayes noted that Bitcoin has maintained its upward momentum, declaring, “It’s time for memecoin trading.” His comments have captured significant interest from cryptocurrency investors.
“Memecoin Time”
Expressing satisfaction with Bitcoin’s recent performance, Hayes announced that it is time for investors to engage in memecoin trading. He highlighted that Bitcoin’s value remained stable throughout the weekend, viewing this as a positive signal for the market.
The prominent cryptocurrency investor emphasized the need for investors to focus on memecoins, stating, “Now is the time to engage in some ‘dogshit’ memecoin trading.”
Fed’s Interest Rate Cut and Market Expectations
In addition, during a talk at the TOKEN2049 event in Singapore, Hayes addressed the impact of the Federal Reserve’s interest rate cut on markets. He predicted that if the Fed lowers rates, the market might initially decline, eventually leading to a new bull market. He noted that Ethereum (ETH) 
$2,494 would likely perform strongly during this period, especially with potential boosts from rate cuts.
Hayes also acknowledged that his previous predictions regarding the weakening of the Japanese yen were incorrect. The strong performance of Bitcoin over the weekend prompted Hayes to reevaluate his forecasts. He encouraged investors by stating, “BTC held up well over the weekend. Let’s go, good times ahead!”
These statements from Hayes have resonated widely within the cryptocurrency market, signaling that investors should shift their focus not only to Bitcoin but also to memecoins. However, the overall trajectory of the cryptocurrency market remains uncertain, continuing to stir significant curiosity.
