BitMEX co-founder Arthur Hayes predicted at the Seoul Connect event hosted by Cointelegraph that if the United States expands its money supply to support the artificial intelligence industry and finance government debt, it could lead to a rise in cryptocurrency prices. He added, "Demand for scarce assets could also increase if China shifts from limited tightening to large-scale monetary stimulus. We are also closely watching the pressure on the French financial market, including BNP Paribas-related credit default swaps and French government bond spreads."
