Bitcoin Could Surge as AI Race and War Fuel Money Printing says Hayes

BTC

BTC/USDT

$79,667.67

-0.54%

$79,667.67

-0.54%

(24s)

24h Volume

$7,603,476,986.58

24h H/L

$80,162.29 / $79,233.00

Change: $929.29 (1.17%)

Long/Short

53.2%

Long: 53.2%Short: 46.8%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,711.92

▼ -0.15%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,711.92

Support 1$79,635.96

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.3

Cointelegraph Staff

(04:10 AM UTC)

1 min read

Approved byEmily Watson

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The ongoing war in Iran and the race to dominate the AI sector will result in money printing that could benefit the crypto ecosystem and push Bitcoin back to its all-time high this year, according to Arthur Hayes, the chief investment officer of crypto investment fund Maelstrom.

In a Substack post on Tuesday, Hayes said the competition between US and China to win the arms race has led both to…