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On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called β€œEnergy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war and makes a bullish prediction of Bitcoin marching to 7-figures.

Hayes explains in his 26-minute long opinion piece that historians may point to February 26, 2022, as the time in history when the β€œPetro Dollar / Euro Dollar monetary system” ended.

β€œFor a single Bitcoin, my unit is in the millions. For an ounce of gold, my unit is in the thousands,” he continued.

β€œThat is the magnitude of fiat denominated price that will occur in the coming years as global trade is settled via neutral hard monetary instruments and not the debt-backed fiat currencies of the West.”

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Show Notes / News Resources:
βœ” Bitcoin Technical Analysis:
βœ” BTC Miners HODL’ing Relentlessly:
βœ” Ripple / XRP Against SEC:
βœ” $1M Bitcoin Prediction:

πŸ”΄ DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make.​​​​​​​​ Always do your own research and never invest what you cannot afford to lose.

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