‘This is the trigger’ — Arthur Hayes says it’s time to bet on Bitcoin
Bitcoin (BTC) deals with a “trigger” moment which keeps a $1 million BTC price tag in play, among its home names says.In an article titled “The Periphery” released on Oct. 24, Arthur Hayes, previous CEO of crypto exchange BitMEX, stated that Bitcoin is currently cautioning markets about the future.” Global wartime inflation” to drive Bitcoin, gold priceWith the United States increasingly invested in two new wars, the danger of escalation worldwide is growing, Hayes believes.The timing is obvious– the U.S. Federal Reserve faces persisting inflation but has actually halted rate of interest hikes, and a so-called “bear steepener” looms for the economy.” The structural hedging requirements of banks and the loaning needs of the United States war machine reflexively feed upon one another in the United States Treasury market,” he composed. “If long-lasting US Treasury bonds offer no security for financiers, then their cash will seek out options. Gold, and most importantly, Bitcoin, will start increasing on true fears of worldwide wartime inflation.” The writing is already on the wall. BTC/USD is up 15% this week, and the gains followed U.S. President Joe Bidens address to the nation on the Ukraine and Israel wars.Now, the blog post restates, “directly after the Biden speech, Bitcoin– along with gold– is rallying against a background of an aggressive selloff in long-end United States Treasuries.” “This isnt speculation as to an ETF being approved– this is Bitcoin marking down a future, really inflationary worldwide world war situation,” it continues. Hayes is popular for his forecasts of how worldwide economics will play out post COVID-19 and subsequent inflationary era.As part of the knock-on results for Bitcoin, a $1 million BTC price is in play– something repeated on social networks today. This will come as an outcome of so-called yield curve control (YCC)– the ultimate move in regulated economics already beginning to rear its head in Japan.The bond vigilantes are screaming “down with the dollar.” Watch out for my hot essay “The Periphery” dropping today where I discuss the Hamas vs. Israel war, the US Treasury market, and $BTC. YCC = $1mm $BTC is in full result. Yachtzee!!! pic.twitter.com/1ABcW1esaf— Arthur Hayes (@CryptoHayes) October 23, 2023
Thank you for reading this post, don't forget to subscribe!
“Once everyone understands the video game we are playing, the Bitcoin and crypto bull market will be in complete swing.”Dalio warns of “extremely pricey” choicesAs Cointelegraph reported, macro issues are ending up being ever more vocal this quarter thanks to the increasing presence of war.Related: BTC cost nears 2023 highs– 5 things to understand in Bitcoin this weekBillionaire investor Ray Dalio, creator of worlds largest hedge fund Bridgewater Associates, recently put the chances of a “World War III” circumstance establishing at 50%.”Combined with buzz over an ETF approval, Bitcoin is up 27% this October, and over 100% year-to-date, per data from monitoring resource CoinGlass.This short article does not consist of investment advice or recommendations.
Bitcoin (BTC) faces a “trigger” moment which keeps a $1 million BTC price tag in play, one of its home names says.In a blog site post titled “The Periphery” released on Oct. 24, Arthur Hayes, former CEO of crypto exchange BitMEX, said that Bitcoin is currently cautioning markets about the future.” Global wartime inflation” to drive Bitcoin, gold priceWith the United States increasingly invested in two new wars, the danger of escalation worldwide is growing, Hayes believes.The timing is noticeable– the U.S. Federal Reserve faces continuing inflation however has halted interest rate walkings, and a so-called “bear steepener” looms for the economy. “This isnt speculation as to an ETF being approved– this is Bitcoin marking down a future, really inflationary worldwide world war situation,” it continues.”Dalio cautions of “very expensive” choicesAs Cointelegraph reported, macro concerns are becoming ever more vocal this quarter thanks to the increasing presence of war.Related: BTC cost nears 2023 highs– 5 things to understand in Bitcoin this weekBillionaire investor Ray Dalio, creator of worlds largest hedge fund Bridgewater Associates, just recently put the chances of a “World War III” situation establishing at 50%.