Arthur Hayes: 'Euro Printing Due to French Debt Will Drive Bitcoin Up'

Prominent cryptocurrency analyst Arthur Hayes released an article on the 2nd, suggesting that the debt issues of France, the second largest economy in the Eurozone, could lead to a rise in Bitcoin (BTC).

The European Central Bank (ECB) is likely to print trillions of euros in currency to prevent the euro from weakening due to France's debt, Hayes argued. While not offering investment advice, he stated that this would be a factor pushing up the price of Bitcoin.

Hayes also predicted that changes in U.S. diplomatic and financial policies would have an impact.

Specifically, under the Trump administration, the U.S. imposed trade barriers...