“The ECB will valiantly print money to forestall the loss of its raison d’être,” Hayes wrote in his blog post. Money Printing and Cryptocurrency GainsHayes has previously made similar claims about the U.S. Federal Reserve’s monetary policy. to bid up the price of Bitcoin,” Hayes wrote. Broader Market ImpactThe cryptocurrency market as a whole has seen gains alongside Bitcoin. Nonetheless, his views continue to influence cryptocurrency market sentiment.