Arthur Hayes, Chief Investment Officer at Maelstrom Fund, said Sunday that a prolonged U.S.-Iran conflict could force the Federal Reserve to print more money, ultimately driving Bitcoin (CRYPTO: BTC) higher.
Fed’s Money Printer “To Go Brrr?”
In an essay titled iOS Warfare, Hayes analyzed the Trump administration’s decision to strike Iran and what could happen to investment portfolios as a result.
Hayes pointed to the Fed’s pattern of monetary easing after U.S. military campaigns in the Middle East, from the 1990 Gulf War to the 2001 Global War on Terror. He added that the situation is no different this time and the central bank has “political cover” to increase money supply to …Full story available on Benzinga.com
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