Arthur Hayes says expanded U.S. money supply could boost crypto

BitMEX co-founder Arthur Hayes said at Cointelegraph’s Seoul Connect event that crypto prices could rise if the U.S. expands its money supply to support the artificial intelligence industry and finance government debt. Hayes added that demand for scarce assets could also increase if China shifts from limited tightening to large-scale monetary stimulus, and said he is watching pressure in French financial markets, including credit default swaps linked to BNP Paribas and spreads on French government bonds.