"I hope it arrives, investors are tired of waiting."
Following the Federal Reserve (Fed) raising interest rates by 25 basis points during yesterday's Federal Open Market Committee (FOMC) meeting, the price of cryptocurrency king Bitcoin (BTC) managed to reach $29,287 again.
However, the price of BTC unfortunately retreated back to $28,672 as concerns about macroeconomic uncertainty began to emerge.
Despite this, the Chief Executive Officer (CEO) of BitMEX, Arthur Hayes, believes that the digital asset has the potential to rise again as the Fed is likely to further relax their monetary policy.
In addition, banks such as Silicon Valley Bank (SVB), Signature Bank and First Republic Bank which experienced a drastic fall recently are also trying to push the price of BTC to pass the level of $35,000 in the near future.
According to Hayes to his 377,4000 followers on his Twitter account, he is shorting US bank stocks, imagining that it will generate profits when the price of BTC rises.
Currently, BTC price is up by 0.77% at $29,295 in the last 24 hours with a market cap of $567 billion but is still down around 0.79% over the last week.
While the second largest crypto Ethereum (ETH) was down 0.06% at $1,899 with a market capitalization of $228 billion while Ripple (XRP) gained around 0.38% at $0.46 and slipped 0.74% in the last seven days.
