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BitMEX co-founder Arthur Hayes, a well-known Bitcoin 'permabull,' stated he would not invest $1 in Bitcoin at this time. His rationale is tied to the US Federal Reserve's current monetary policy and escalating geopolitical tensions in the Middle East. Hayes, who has historically been bullish on Bitcoin, emphasized that he will only resume buying the cryptocurrency once the Fed adopts a more accommodative stance and begins printing money to address regional instability. This shift in sentiment from a prominent crypto advocate highlights growing uncertainty in the market. Hayes' comments reflect broader concerns among investors about the interplay between macroeconomic factors and crypto markets. The Fed's policy direction and geopolitical risks are critical drivers for Bitcoin's price action, as they influence inflation expectations and safe-haven demand. Traders are closely monitoring central bank decisions and regional developments to gauge potential market impacts. A dovish Fed could spur risk-on sentiment, while prolonged Middle East tensions might drive investors toward Bitcoin as a hedge. For crypto investors, Hayes' caution underscores the importance of macroeconomic analysis in portfolio decisions. The MENA region, with its growing interest in digital assets, should pay attention to how global policy shifts and geopolitical events shape Bitcoin's trajectory. Key watchpoints include the Fed's next rate decisions, Middle East diplomatic progress, and Bitcoin's technical levels. A reversal in Hayes' stance could signal renewed bullish momentum if the Fed eases policy as anticipated.
