BitMEX co-founder Arthur Hayes says he would not buy Bitcoin (CRYPTO: BTC) now and is waiting for the Federal Reserve to “print money to support the American war machine,” arguing the longer the Iran conflict continues, the higher the likelihood of money printing.
The ‘Wait For The Fed’ Strategy
Hayes explained his timing on the Coin Stories podcast. “If I had $1 to invest right now, would I be putting it into Bitcoin? No. I would wait,” Hayes said.
“I think that the longer that this conflict goes on, the higher the likelihood that the Fed has to print money to support the American war machine. And that’s when I’m going to buy Bitcoin when the central banks start printing money,” he added.
Hayes distinguished between war itself and the monetary response. War isn’t inherently bullish for Bitcoin. Rather, wars force governments to print money to fund military operations, …