BTC price is looking to a future 'very inflationary' period rather than an ETF approval, a new Bitcoin forecast from Arthur Hayes says.
Bitcoin faces a watershed moment thanks to an inflammatory cocktail of inflation spurred by war — and a $1 million BTC price is still possible, the former BitMEX CEO says.) faces a “trigger” moment which keeps a $1 million BTC price tag in play, one of its household names says.” released on Oct. 24, Arthur Hayes, former CEO of crypto exchange BitMEX, said that Bitcoin is already warning markets about the future.
“The structural hedging needs of banks and the borrowing needs of the US war machine reflexively feed on one another in the US Treasury market,” he wrote. The writing is already on the wall. BTC/USD is up 15% this week, and the gains followed U.S. President Joe Biden’s “This isn’t speculation as to an ETF being approved – this is Bitcoin discounting a future, very inflationary global world war situation,” it continues.— something repeated on social media this week. This will come as a result of so-called yield curve control — the ultimate move in controlled economics already beginning to rear its head in Japan.Look out for my spicy essay “The Periphery” dropping this week where I discuss the Hamas vs.
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Steven C. Hayes Ph.D.Steven C. Hayes, Ph.D., is Nevada Foundation Professor at the Department of Psychology at the University of Nevada Reno.
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