Arthur Hayes Slams 'Parasitic Fiat Banking' Printing 'Fiat Toilet Paper,' Says Bitcoin's Value Set To Rise
Portfolio Pulse from Mehab Qureshi
Arthur Hayes, co-founder of BitMEX, has stated that Bitcoin's value is set to rise due to the Federal Reserve's current strategies against inflation. He believes that Bitcoin, with its finite supply, will benefit as the 'denominator of fiat toilet paper grows'. Hayes also criticized the ongoing crypto crackdown in the US and the West, and questioned the contrasting treatment received by different entities seeking approval for Bitcoin-related ventures.
August 25, 2023 | 10:15 am
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Arthur Hayes, co-founder of BitMEX, believes that Bitcoin's value will rise due to the Federal Reserve's current strategies against inflation. He also criticized the ongoing crypto crackdown in the US and the West.
Hayes' comments suggest that he believes the Federal Reserve's strategies against inflation will lead to an increase in Bitcoin's value. This is due to Bitcoin's finite supply, which he believes will benefit as the 'denominator of fiat toilet paper grows'. His criticism of the ongoing crypto crackdown in the US and the West could also potentially impact Bitcoin's value.
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