Bitcoin Could Surge as AI Race and War Fuel Money Printing says Hayes
The post Bitcoin Could Surge as AI Race and War Fuel Money Printing says Hayes appeared on BitcoinEthereumNews.com. The ongoing war in Iran and the race to dominate the AI sector will result in money printing that could benefit the crypto ecosystem and push Bitcoin back to its all-time high this year, according to Arthur Hayes, the chief investment officer of crypto investment fund Maelstrom. In a Substack post on Tuesday, Hayes said the competition between US and China to win the AI race has led both to pursue looser financial conditions and more fiat printing as the technology “directly relates to national security.” “The combination of the political will to win the AI race and the financial will to fund the build-out with printed money and bank loans produces the perfect environment for crypto,” he said. Source: Arthur Hayes “There will be vastly more units of fiat tomorrow than today, and the rate of change is accelerating due to rapidly increasing yearly AI and electrification C