Arthur Hayes Warns ECB Crisis in France May Boost Bitcoin

Arthur Hayes, co-founder of BitMEX, warns that France's mounting fiscal pressures and heavy public debt could trigger a crisis in the eurozone, forcing the European Central Bank (ECB) into extensive money printing to stabilize the euro. As France faces capital outflows and reduced foreign investment, notably from Germany and Japan, the ECB must choose between printing money now to finance French spending or later to backstop banks, either way flooding the market with euros. Hayes argues this inevitable increase in euro supply will dilute the currency, driving investors toward scarce, hard assets like Bitcoin, which he predicts will benefit structurally from such monetary policies. The crypto entrepreneur highlights the eurozone's structural challenges, including the ECB's delicate mandate amid multiple budgets and the risk of fragmentation, which further fuels Bitcoin's appeal as a safe haven. Bitcoin's recent price rise amid global economic uncertainty, including a U.S. government shutdown, reflects growing investor interest in cryptocurrency as an alternative to fiat currencies facing devaluation. Hayes also forecasts Ethereum reaching $10,000 by 2025, reinforcing his view that central bank interventions worldwide are catalysts for cryptocurrency growth.