Crypto Mogul Arthur Hayes attacked the US Central Bank during a noble work earlier Bitcoin Price forecast. However, this time the billionaire is aiming to criticize him in the eurozone.
On a long Wednesday Blog post Title “Bastille Day,” co-founder and former chief of Crypto Exchange Bitmex said that if French citizens move their money, it could lead to excessive printing of money on behalf of the European Central Bank, leading to profits on Bitcoin.
Hayes argues France, the second largest economy in the eurozone, has the highest debt. This should be addressed by printing to avoid the collapse of the Euro.
“The ECB will bravely print money to prevent losses of its rationality,” Hayes wrote, adding, “France is a mess.”
He continued: “It will be a glorious day for loyalists as printed euros will be bid for Bitcoin prices by combining printed dollars, yuan, yen, etc.”
“The ECB presses the BRRR button to either implicitly fund the French welfare state or do so when French capital threatens to destroy the euro. In any case, the money will be printed in trillions of euros. Bitcoin doesn’t bother you.
Hayes previously said that Bitcoin will do well due to American monetary policy, which means printing money. Crypto entrepreneurs argued that earlier this year Bitcoin Price Due to the Federal Reserve monetary policy, it could reach $1 million by 2028.
According to Coingecko, Bitcoin has recently traded $120,515 per coin, up 7% over the past seven days. The biggest cryptocurrency by market capitalization helped ignite a broader surge in digital assets.
Hayes predicted that too. Ethereumthe second largest digital coin will reach $10,000 by the end of 2025. Ethereum was $4,492, earning nearly 10% for a week ago.
Digital assets observers say investors are interested in cryptocurrencies like Bitcoin during uncertainties and currency collapse.
