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Arthur Hayes Says France’s Debt Crisis Could Push Bitcoin Higher
['Sangho Hwang', 'Ann Maria Shibu']
BeInCrypto
He warned that the European Central Bank (ECB) is on the brink of disaster — a crisis he says will funnel investors toward Bitcoin.
In a fiery new blog post titled “Bastille Day,” the former BitMEX chief argued that France’s ballooning debt will push the ECB into unlimited money printing.
He said the euro will weaken, while Bitcoin could strengthen as investors seek scarce assets.
Hayes predicted that France’s crisis would trigger a wider loss of confidence in the eurozone.
“Bitcoin doesn’t care and will continue its inexorable rise versus the piece of trash that is the euro,” he wrote.