The CEO of BitMEX forecasts severe economic consequences as a result of Russia sanctions.

Arthur Hayes, the former CEO of BitMEX, has predicted that Russia’s latest sanctions will have disastrous economic consequences. In the next ten years, according to Hayes, there will be a surge in investment in gold and Bitcoin.

Hayes’ comments echoed a prognosis made by Credit Suisse last week. According to the investment bank, the US dollar is losing its status as a global reserve currency, and commodities such as gold will take its place.

The value of the US dollar is decreasing.

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