Arthur Hayes: Will Not Increase Cryptocurrency Holdings Until the Fed Resumes Money Printing

Odaily News Arthur Hayes recently stated in a podcast that, although he is bullish on Bitcoin in the long term (predicting it will reach $250,000 by the end of 2026), he will not purchase any Bitcoin until the Federal Reserve (Fed) eases monetary policy and restarts the "money printing press."

Hayes pointed out that while the market generally believes war is bullish for Bitcoin, in essence, it's "money printing that is bullish for Bitcoin." He is concerned that the ongoing geopolitical tensions in the Middle East could lead to large-scale sell-offs in U.S. stocks and Bitcoin, potentially even triggering a chain reaction of liquidations, causing Bitcoin to fall below $60,000. Currently, Bitcoin is priced around $69,926, down 45% from its all-time high (ATH) of $126,000 set in October last year. He emphasized that the optimal buying opportunity will only come when the Fed injects liquidity again to support military spending or alleviate market pressure. (Cointelegraph)