🚨 WAR = LIQUIDITY?


Arthur Hayes says US-Iran escalation forces the Fed to print.
History: Gulf War. Post-9/11.
Rate cuts. Money expansion. Risk assets rip.
He argues war spending = more dollars = higher BTC.
But right now?
Risk-off.
Bitcoin slipped under $66K.
Short term fear.
Long term liquidity thesis.
If the printers turn on, Bitcoin won’t ignore it.
BTC1.81%
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