TLDR
- Arthur Hayes claims that the ECB will print money to deal with France’s debt crisis
- Bitcoin predicted to take advantage of Euro Devaluation when investors seek secure seas assets
- Hayes’ blog post “Bastille Day” criticizes European monetary leadership
- Bitcoin recently traded to $ 120 515, an increase of 7% in the last week
- Hayes forecasts Ethereum will reach $ 10,000 by the end of 2025
In its latest provocative blog post entitled “Bastille Day”, Krypto billionaire Arthur Hayes has turned his attention to the European Central Bank (ECB) and predicted that the handling of France’s debt crisis will drive the bitcoin prices higher. The former Bitmex VD, known for its bold Cryptocurrency forecasts, claims that excessive money pressure of the ECB will increase Bitcoin’s value when investors seek alternatives to a weakened euro.
Hayes focuses on France, the euro area’s second largest economy, which he claims has the highest debt burden in the region. According to Hayes, this debt situation will force ECB into a difficult position.
“The ECB will print money to prevent the loss of its Raison d’être,” Hayes wrote in his blog post. He was unclear that “France is fucked.”
The Crypto entrepreneur presents what he sees as an inevitable scenario: Either the ECB prints money now to finance the French welfare state, or it will be forced to do it later when French capital controls threaten to destroy the euro. In both cases, Hayes believes that trillion of euros will enter circulation.
Bitcoin has traded to approximately $ 120,515 per coin, which shows an increase of 7% over the past week. Most of these profits occurred after a government suspension, as many investors turned to Bitcoin as a safe haven.
Money pressure and cryptocurrency wins
Hayes has previously made similar claims about the US Federal Reserve’s monetary policy. Earlier this year, he predicted that Bitcoin could reach $ 1 million in 2028 because of what he expects will continue the money from the US central bank.
The current criticism of the ECB follows the same logic. Hayes claims that central banking efforts that devalue fiat currencies will drive investors against scarce assets such as Bitcoin.
“It should be a wonderful day for the faithful because printed euros will combine with printed dollars, Yuan, Yen, etc. To invite the price of bitcoin,” Hayes wrote. He described Bitcoin’s rise as “steadfast” compared to the euro, which he called a “piece of rubbish.”
While Hayes focuses on monetary policy, social factors can also play a role. Reports indicate that younger generations in France have protested against rising debt, stagnant wages and fear of their economic future.
Wider market effect
The Cryptocurrency market as a whole has seen profits with Bitcoin. Ethereum, the second largest cryptocurrency by market value, recently acted at $ 4,492, which corresponds to an almost 10% increase in the past week.
Hayes have also made predictions about Ethereumforecasts for the price to reach $ 10,000 by the end of 2025. This would constitute a significant increase from its current valuation.
Market observers note that investors often turn to Cryptocurrencies as Bitcoin during periods of financial uncertainty, the government’s closures or fear of currency outages. The latest price movements seem to adapt to this pattern.
Haye’s criticism of the ECB, especially focusing on ECB President Christine Lagarde, suggests that he believes that European decision makers have few alternatives to canceling the common currency. This perspective positions bitcoin as a hedge against inflation and monetary policy decisions.
Despite the attention that Haye’s predictions receive, some market analysts warns that his dramatic forecasts often combine sharp rhetoric with selective economic data. Nevertheless, his views continue to influence the Cryptocurrency marketing term.
Bitcoin’s current market result, which rises above $ 120,500 with an increase of 8% for seven days, indicates that traders can respond to these types of analyzes and predictions about the central bank’s policy.
