Arthur Hayes Sees Bitcoin Soaring Due to War-Fueled Inflation

Quick Summary:

Arthur Hayes, co-founder of BitMEX, is optimistic that the price of Bitcoin will jump high due to current geopolitical tensions and their impacts on the economy.

According to Hayes, war, especially in the Middle East, has a sobering impact on the US’s rush to increase government spending, which means more money printing and inflation.

Hayes said that with all the geopolitical uncertainty, Bitcoin was well-positioned.  Traders, therefore, should not make impulsive decisions based on what was political happenings.

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Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaCroatiaIsrael

Topics: Bitcoin News Bitcoin price 24/7 Cryptocurrency News Bitcoin Arthur Hayes

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 14:02:46 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 666 words

Reading Time: 4 minutes read

Sentences: 48 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23088920

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