Bitcoin Set to Soar: Arthur Hayes Links Growth to Inflation and Middle East Unrest
Arthur Hayes, former CEO of BitMEX, predicts a Bitcoin surge driven by rising energy prices and inflation, fueled by escalating Middle East tensions.
He explains that as conflicts disrupt oil supplies, global markets will react, and the resulting monetary policies—like printing more dollars—will boost Bitcoin’s value. However, Hayes cautions that this bullish outlook comes with significant volatility, especially for smaller cryptocurrencies.
While Bitcoin’s long-term growth looks promising, he urges investors to brace for market turbulence amid geopolitical uncertainty.
Clever Robot News Desk 19th October 2024
