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‘This Is The Trigger’ — Arthur Hayes Says It’s Time To Bet On Bitcoin

Bitcoin faces a watershed moment thanks to an inflammatory cocktail of inflation spurred by war — and a $1-million BTC price is still possible, the former BitMEX CEO says.

Former BitMEX CEO Arthur Hayes issued warnings to the markets regarding the future of Bitcoin in his blog post titled "The Periphery" dated October 24. Hayes draws attention to the increasing global tension while the United States continues to invest in two new wars.

We are currently in a period where the U.S. Federal Reserve has halted interest rate hikes despite ongoing inflation. Long-term yields in the economy are increasing faster in the short term. Hayes uses the following statements in his blog post:

"The structural protection of banks and the debt needs of the United States due to wars are feeding off each other in the U.S. Treasury bond market. If long-term U.S. Treasury bonds are not considered safe for investors, they will turn to alternatives. Gold and, most importantly, Bitcoin will start to rise due to increased inflation fears caused by global wars."

Following this article, the BTC/USD pair showed a 15% increase this week, and these gains occurred after U.S. President Joe Biden addressed the nation about the wars in Ukraine and Israel.

The blog post also contains the following statements:

"Right after Biden's speech, Bitcoin, as well as gold, rallied against aggressive selling in long-term U.S. Treasury bonds."

The article states, "This is more than just speculation about the approval of an ETF; it is Bitcoin's response to the hyperinflationary environment brought about by the future global world war."

Arthur Hayes is a well-known figure for his predictions on how the global economic outlook will behave in the post-COVID-19 and subsequent inflation periods.

A $1 million price tag for BTC is still considered possible for Bitcoin. This target seems to be the result of the return curve control, which has already begun in Japan, as the last move of a controlled economy.

Please note that this information is based on the text you provided and may not represent my own opinion or the current state of the financial markets.

The article titled "The Periphery" continues as follows:

"And in the final stage, as yields rise, the Fed will abandon its claim that U.S. Treasury bonds are a free market. Instead, the Fed will continue to maintain interest rates at precautionary and policy-appropriate levels to maintain appearances. "A Costly Option" Due to the escalation of war this quarter, macro concerns are being raised more than ever. Billionaire investor Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, assessed the likelihood of the scenario of a "Third World War" at about 50% and said the following:

"I hope that the leaders of major powers step back from a war they are strong enough to fight and win." "In my opinion, for this to go well, participants will not only push their boundaries but also tend to test alliances that draw in non-combatant parties. This means that aiding brutal wars is always very costly, and it increases the risk of local conflicts spreading to world wars."

According to CoinGlass data, Bitcoin has seen a 27% increase in October and has risen by over 100% since the beginning of the year.

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