Arthur Hayes Flags High Downside Risk in Tether’s Shift Toward Bitcoin and Gold Reserves

BitMEX co-founder Arthur Hayes said Tether is preparing for a coming Federal Reserve rate-cut cycle by shifting more reserves into Bitcoin and gold. He pointed to the firm’s latest attestation, which shows a reduced focus on Treasury-driven returns and a stronger tilt toward alternative assets that may gain in a lower-rate environment. Hayes Warns of

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