Arthur Hayes: U.S. Middle East Policy May Lead to a New Round of Inflation and Cryptocurrency Bull Market

ChainCatcher news, Arthur Hayes, the founder of the encrypted trading platform BitMEX, stated in his blog that the United States' policy choices in the Ukraine crisis and the Israel-Palestine conflict may further escalate tensions, leading to a significant increase in U.S. military spending, which in turn could raise inflation expectations and government bond yields. In this environment, investors will reduce their holdings of U.S. Treasuries and instead increase their holdings of gold and Bitcoin as safe-haven assets. Hayes believes this could lead to the arrival of a new cryptocurrency bull market.