Arthur Hayes, former CEO of crypto exchange BitMEX, has said that Bitcoin and gold growth will be spurred by “global wartime inflation.” According to him, the United States actively supports new armed conflicts, including the recent Israeli-Palestinian standoff, which negatively affects the global economy. At the same time, the Fed has faced domestic fiscal challenges, believing that raising interest rates would reduce inflation. Hayes has written: “If long-term US Treasury bonds offer no safety for investors, then their money will seek out alternatives. Gold, and most importantly, Bitcoin, will begin rising on true fears of global wartime inflation.” Since the Federal Reserve meeting last September 20, long-term US Treasuries have fallen 11%, while Bitcoin has risen 11%.
