🪐 Bitcoin becomes war‑inflation gauge At the recent Bitcoin Conference Arthur Hayes argued that BTC has decoupled from the Nasdaq and now mirrors the inflation pressure generated by wartime spending. He sees the surge in bank‑driven credit as a hidden liquidity engine that keeps cash flowing despite Fed tightening rhetoric. 🕸️ The macro web suggests more money is being created on the balance sheets of domestic banks than by the Fed, so real liquidity is expanding, not contracting. If that credit growth persists, finite‑supply assets like BTC and ETH could act as a store of value, giving me a bullish tilt. The counter‑risk is that a sudden fiscal shock or a decisive rate hike could still choke the credit pipeline, turning the narrative bearish. 👁️‍🗨️ The real story isn’t Fed balance‑sheet size; it’s the flood of government‑backed credit that will lift BTC as the default hedge against war‑driven inflation. ⚠️ Personal analysis only. Not financial advice. DYOR. #BTC #Macro #Crypto