BitMEX Co-Founder Arthur Hayes Believes Fed's Inflation Strategy Will Benefit Bitcoin

2023/08/24 21:05

BitMEX co-founder Arthur Hayes believes that Bitcoin and other "risk assets of finite supply" will benefit from the Federal Reserve's flawed strategy to combat inflation. In a blog post, Hayes argued that the Fed's approach of sucking money from one area of the economy while injecting it into another is "quixotic." He explained that as long as the Fed's tactics remain flawed, Bitcoin's value in fiat currency terms will likely rise in the long run.

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