Arthur Hayes Predicts ECB’s Money Printing Will Boost Bitcoin
- Arthur Hayes, co-founder of BitMEX, criticizes the European Central Bank’s handling of France’s debt.
- Hayes argues that France, the second-largest economy in the Eurozone, has the highest debt, leading to potential excessive money printing.
- Bitcoin recently traded at $120,515 per coin, rising by 7% over the past week amid economic unrest.
- Hayes forecasts that Ethereum will reach $10,000 by end of year as it stands at $4,492 now.
Arthur Hayes suggests that France’s financial instability may lead to significant money printing by the European Central Bank, potentially boosting Bitcoin prices. He previously made similar predictions regarding U.S. monetary policy and its impact on cryptocurrencies.
With Bitcoin trading up by significant percentages recently and Ethereum also showing gains, digital assets are seen as safe havens during times of economic uncertainty and currency debasement. (Source)
