Arthur Hayes, co-founder of BitMEX, known for his bold statements on Bitcoin ($BTC) and the cryptocurrency market, said he would not invest in Bitcoin until the FED starts printing money.
Speaking on the Coin Stories podcast on YouTube, Arthur Hayes said he would not invest a single dollar in Bitcoin until the US Federal Reserve (FED) starts printing money.
At this point, Hayes said the longer the war in Iran lasts, the greater the likelihood that the Fed will print money.
He cited the Federal Reserve’s monetary easing policy as the main driver of Bitcoin’s rise.
Hayes, who said the FED would buy Bitcoin when it starts printing money again, said: “War itself is not good for Bitcoin. However, ultimately increased liquidity is positive for Bitcoin.”
“If I had to invest $1 right now, would I invest it in Bitcoin? My answer would be “no”. For now, waiting is the right thing to do. I will buy Bitcoin when the central bank starts printing money.”
Hayes said he was unsure whether the Bitcoin price had bottomed and warned that current geopolitical tensions could push the Bitcoin price to bottom. $BTC even lower price.
“I think the longer the US-Iran war lasts, the more we could see a sell-off in stocks and Bitcoin.”
Hayes added that a prolonged conflict could cause Bitcoin to fall below $60,000, triggering a massive liquidation wave.
*This does not constitute investment advice.
