US-Iran Conflict Drives Oil Prices Higher, Triggers Fed Money Printing Expectation

Crypto market participants are watching the impact of the US-Iran conflict on oil prices and its potential effects on the economy.

According to Arthur Hayes, co-founder of BitMEX and a crypto billionaire, rising oil prices could trigger a money printing bailout by the Federal Reserve. This has historically led to an increase in 10-year Treasury yields and the MOVE Index.

Hayes notes that if Brent crude oil prices continue to rise due to the conflict, 10-year Treasury yields might spike, forcing the MOVE Index higher and potentially prompting a money printing bailout.