According to Hayes, this inflationary black hole could create a massive bull market not just for crypto, but for all assets. As he explained:

• Mounting debt serves as the bedrock of inflation.
• High government expenditure leads to lower productivity.
• Eventually, something’s got to give—like our sanity when looking at our bank statements.

Banking System: A House of Cards?

Calling the U.S. banking system insolvent sounds almost like a movie plot twist. Hayes points out that banks have been buying up Treasuries that have only been losing value, causing a regional banking crisis. He states, ‘The regulators made rules that were great for accounting but less so for the economy.’ This certainly makes you question your morning coffee choice: 50% caffeine or 100% chaos?

Bitcoin vs. The Economic Storm

Despite the financial storm on the horizon, Hayes maintains that Bitcoin’s price will shine brighter than ever. He predicts a stable phase for Bitcoin at around $25,000 to $30,000 this year. As conditions worsen, this could be the tipping point for many investors to look for gems among the rubble—like Bitcoin, the golden child of uncertainty.

Hayes believes upcoming factors like the potential Bitcoin ETF approval and the halving event in 2024 could drive the price up to an extraordinary $70,000. He adds that, just like a rollercoaster, Bitcoin could see wild price fluctuations post-bull market, typical of its past patterns.