Hayes: Fed Will Print Money for Iran War, Boosting Crypto
Summary
BitMEX co-founder Arthur Hayes posited that the US Federal Reserve might abandon its hawkish monetary policy and ease conditions, such as cutting rates or expanding the money supply, to finance a potential, costly conflict with Iran. Hayes cited historical precedent, noting that the Fed responded to previous US military actions in the Middle East since 1985—including the Gulf War and the post-9/11 global war on terrorism—with monetary easing. He advised a wait-and-see approach, stating that the optimal time to invest heavily in Bitcoin and other cryptocurrencies would be immediately after the Fed begins cutting rates or printing money to support the government's goals in Iran. Despite recent airstrikes involving the US and Israel against Iran, market reactions, including stock futures and oil prices, showed only marginal initial drops.
(Source:Cointelegraph)