BitMex’s co-founder broke down a process by which central banks across the world could quickly be forced to pivot.
Arthur Hayes – co-founder of the crypto trading platform BitMex – published a lengthy blog post on Thursday arguing that central banks will be forced back into “money printing” due to various economic pressures.
“The worst hit markets were sovereign debt markets, with a bond market rout that has been nearly the worst in recorded human, financial history,” he explained. In particular, the EU is suffering from a lack of affordable energy due to Germany’s current energy policy. According to Hayes, this may harm Germany’s economic output and position as an exporter, causing the countries with which it conducts trade to cease buying its products with euros, which are already growing weaker against the dollar.
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