🇺🇸💼 Arthur Hayes stated, "The US Treasury is not going to spend less money. Donald Trump is not talking about how he is going to reduce spending... it's all about wartime spending."



He added, "All of this talk about the Fed shrinking its balance sheet makes no sense because the politicians and the Treasury that funds them is continuously increasing the amount of debt."

Hayes concluded, "I believe Bitcoin is going HIGHER." #macro
BTC0.21%
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GateUser-f85bc167
· 05-01 18:10
Military expenses, welfare, and interest payments—three towering mountains—cutting costs? Not possible.
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CatPawTapToConfirm
· 04-29 04:38
His final remark "higher" was made casually, but his confidence comes from a clear understanding of DC.
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NonceCollector
· 04-29 01:54
In this kind of environment, talking about tightening is nothing but political theater—Hayes has torn away the window-dressing.
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ContrarianIndicatorMyself
· 04-28 20:53
The path of debt monetization is heading for disaster; the dilution of fiat currency credit is a certainty.
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TransparentDomeCity
· 04-28 20:00
Got it, buying BTC is essentially betting against U.S. fiscal discipline.
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DustyAirdropper
· 04-28 19:49
So don't believe in QT; political realities determine that the printing press can't be stopped.
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BridgeHopBella
· 04-28 19:48
War-time spending + fiscal deficit double whammy, Federal Reserve shrinking its balance sheet? Joke.
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SpiralCandlestickCollecting
· 04-28 19:47
Hayes's macro framework has always been sharp, and this time he bets on BTC reaching a new high again.
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NeonIceMelt
· 04-28 19:37
Treasury spends money like water, the debt ceiling is just a rubber stamp. Bitcoin is long-term bullish, no problem.
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DustCollector7
· 04-28 19:34
The conclusion is straightforward: BTC higher.
The process is brutal: US dollar purchasing power lower.
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