Arthur Hayes Explains Venezuelan Oil’s Impact on Bitcoin Market

Arthur Hayes, co-founder of BitMEX, published an essay discussing U.S. involvement in Venezuelan oil, focusing on economic impacts rather than moral implications.

Hayes emphasizes the importance of how political leaders handle the economy, credit, and inflation over geopolitical narratives.
He suggests Donald Trump is prioritizing economic strength and inflation control for electoral success.
Access to Venezuelan oil could reduce U.S. energy costs, potentially boosting the economy and risky assets like Bitcoin.

The Venezuelan Signal

Lower gas prices and rising GDP may improve voter sentiment, benefiting risky assets.
Hayes has invested in crypto assets such as Ethereum, with altcoin holdings valued over $75 million.
Markets rise due to credit growth and liquidity, not geopolitics, per Hayes.

Following Venezuela's president's arrest, Bitcoin increased by 0.8% to $93,300, and ETH gained 1.85%, trading at $3,220. Market sentiment remains neutral, driven by macroeconomic factors rather than geopolitical events.