Arthur Hayes, co-founder of BitMEX, believes that the current geopolitical tensions in the Middle East may push Bitcoin to rise higher.
Hayes argues that increased government spending and inflationary monetary policy resulting from war-time expenditures can weaken traditional fiat currencies and benefit Bitcoin as a hedge against inflation.
He draws a parallel between the '73 energy crisis and the behavior of gold as a hard asset during growing inflationary levels, suggesting that Bitcoin, often called 'digital gold,' could experience significant growth due to inflationary forces.
Hayes cautions investors to manage risks and preserve capital amid geopolitical tensions, but remains optimistic about Bitcoin's long-term growth potential as a store of value during uncertain times.