The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes

“All the while, this, coupled with the political hostility of austerity, increases deficits, leading the U.S. Treasury to issue more bonds. The resulting interest payments to the wealthy stimulate spending and nominal GDP growth, creating a paradox where the Fed’s rate hikes inadvertently fuel economic growth,” Hayes said.

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• Source: https://www.coindesk.com/markets/2023/09/05/the-relationship-between-bitcoin-and-interest-rates-is-breaking-down-arthur-hayes/?utm_medium=referral&utm_source=rss&utm_campaign=headlines