Mr. Hayes Points to Potential Bitcoin Rise if Middle East Involvement Prolongs, Leading to Monetary Easing

Focusing on the Link Between War and Financial Policy

Arthur Hayes, a prominent cryptocurrency investor and former CEO of BitMEX, published an essay titled 'iOS Warfare' in his Substack newsletter on March 2. In this essay, Hayes analyzes how prolonged U.S. involvement in the Middle East could extend its impact to financial policies, potentially benefiting Bitcoin and other risk assets as a result.

At the outset, Hayes, with a hint of irony, describes the U.S. military involvement in the Middle East as 'AI warfare', highlighting the interplay between government actions and...