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Arthur Hayes Sees Bitcoin's Rise Amid Middle East Tensions

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2 hours ago

Arthur Hayes, co-founder of BitMEX, published a blog post discussing the impact of the Israel-Iran conflict on global oil and cryptocurrency markets.

Geopolitical Situation as an Avalanche

Arthur Hayes draws a parallel between the Middle East situation and a weak layer concept in avalanche science. He believes the escalation could trigger an 'avalanche' in global markets, especially impacting oil prices.

Crypto in the Eye of the Storm

Despite the risks, Hayes argues Bitcoin and the crypto market are resilient. He compares potential conflict impact with China's 2021 mining ban, asserting Bitcoin would withstand the effects.

Financial and Energy Impact of the Conflict

Hayes noted that rising energy prices could boost Bitcoin's value. As Bitcoin is viewed as 'stored energy,' it may rise in price amidst higher oil costs. US monetary policy might also affect Bitcoin with potential Fed balance sheet expansion.

Hayes emphasizes Bitcoin's resilience amid uncertainty and advises traders to carefully choose assets that maintain purchasing power.

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