Arthur Hayes: It’s Time to Bet on Bitcoin.
Bitcoin
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$34,410
One of its well-known names claims that the price of BTC is $1 million and will remain at that level until a “triggering moment” occurs .
Arthur Hayes (former CEO of crypto exchange BitMEX) said in a blog titled “The Periphery” published on October 24th that Bitcoin was already warning markets of what was to come.
Bitcoin and gold prices are driven by “global war inflation”
Hayes says the United States is increasingly embroiled in two new conflicts, increasing the risk of global escalation.
The timing of the US Federal Reserve’s decision to stop raising interest rates in the face of persistent inflation is notable. Meanwhile, a “bear steepener,” or slowdown, in the economy is on the horizon.
He wrote that “the structural hedging requirements of banks and…” The borrowing needs of the US war machine feed off each other in the US Treasury market Look for alternatives. “Gold and, more importantly, Bitcoin.” will start to rise on real fears of war inflation The post now reiterates: “Immediately after the Biden speech, Bitcoin – and gold – are rallying against the backdrop of an aggressive sell-off in long-term US Government bonds.”
This is not speculation about an ETF approval – this is speculation “Bitcoin takes into account future inflationary world war situations,” the article continues.
Hayes’ predictions about the post-COVID-19 global economy and subsequent periods of inflation are well known.
This week, social media reiterated the $1 million BTC price as part of the ripple effects. This is due to the so-called Yield Curve Control (YCC), which is already taking shape in Japan.
When yields reach a certain level, the Fed will stop pretending that the US Treasury market is a free market. Instead, it becomes what it really is: a Potemkin village where the Fed sets the interest rate at a politically convenient level.
Once everyone understands what we are doing, the Bitcoin bull market and the crypto bull market will be in full swing. Now is the time to switch from short-term US Treasuries to cryptocurrencies.
Dalio warns of “very expensive” decisions
According to AskFX, the increasing presence of war is causing macroeconomic concerns to become more prominent this quarter.
Ray Dalio is a billionaire investor and founder of Bridgewater Associates, the largest hedge fund in the world. He recently estimated the probability of a “Third World War” to occur at 50%.
BTC/USD Monthly Returns (Screenshot). Source: CoinGlass
He wrote on LinkedIn that he hoped major power leaders would act wisely away from the edge as they prepare to fight and win an intense war.
“In my view, this will be a test of restraint on the part of participants and also alliances that are unlikely to attract non-combatant sides.” . This is because aiding and allying with allied nations in these brutal conflicts is very costly and increases the risk of becoming fully embroiled in war. Local conflicts can turn into global wars.
This article does not constitute a recommendation or investment advice. Every investment or trading decision carries a certain degree of risk. Readers should do their own research before making a final decision.
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