Bitcoin billionaire Arthur Hayes predicts that the European Central Bank's crisis will drive BTC prices

Arthur Hayes, co-founder and former CEO of the BitMEX exchange, has just released a new article titled "Bastille Day," in which he strongly criticizes the Eurozone, focusing particularly on France's debt issues. He predicts that economic instability and monetary policy in Europe will be a new driving force pushing the price of Bitcoin ($BTC ) to soar.

France's Debt Crisis and the ECB's Money Printing Policy

Hayes argues that France, the second-largest economy in the Eurozone, currently bears the highest debt. He believes that the French people's withdrawal of money from the system could force the European Central Bank (#ECB ) to print money en masse to prevent the collapse of the euro.

According to Hayes, the ECB will "print money bravely to prevent the loss of its reason for existence." He states that: "Whether the ECB prints money right now to fund France's welfare, or prints money later when France's capital controls threaten to destroy the euro, money will still be printed in the trillions of euros. Bitcoin does not care and will continue to rise relentlessly against the deteriorating euro."

Global Outlook for Bitcoin

This view aligns with Hayes' previous analysis of U.S. monetary policy. He had predicted that Bitcoin could reach $1 million USD by 2028 due to the money printing policies of the U.S. Federal Reserve (Fed). Now, he extends his warning to Europe, predicting that money printing from the euro, dollar, yuan, and yen will together drive BTC prices higher. #anh_ba_cong