Arthur Hayes, co-founder of BitMEX, has predicted that France may exit the Eurozone, citing capital outflows and systemic economic pressures. Speaking at Token2049 in Singapore, Hayes pointed to France's worsening Target2 balances as a sign of declining confidence in its financial system, which could lead to a broader European and global banking crisis. He emphasized the political and economic tensions between France and the European Central Bank, suggesting significant implications for global monetary policy and an increased interest in hard assets like Bitcoin.
Arthur Hayes Warns of France's Potential Eurozone Exit and Banking Crisis
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