Bitcoin Seen as Inflation Hedge Amid Geopolitical Tensions, $1 Million Price Target Possible
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Arthur Hayes says global wartime inflation will drive up Bitcoin and gold prices as investors seek alternatives to US Treasuries.
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Hayes believes a $1 million Bitcoin price target is in play due to yield curve control by central banks like the Fed.
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Bitcoin has rallied 15% this week following Biden's speeches on the Ukraine and Israel wars.
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Hayes says Bitcoin is already discounting a future inflationary global war situation.
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Ray Dalio warns the Ukraine war raises risks of spreading into a costly World War III scenario.