Arthur Hayes, Chief Investment Officer at Maelstrom Fund, told Benzinga on Thursday that rising oil prices and treasury yields could prove positive for Bitcoin (CRYPTO: BTC).

What Treasury Yields Spike Amid War Means

Hayes argued that the surge in oil prices has disrupted “normal investor behavior.”

The BitMEX founder further noted that as the 10-year Treasury price falls, the MOVE Index, which tracks the volatility in the U.S. Treasury bond market, rises.

Win-Win For Bitcoin?

“Historically, over the past 5 years, if the MOVE index is >130, there is likely some sort of monetary bailout rolled out by the U.S. Government,” Hayes said. As of this writing, the index stood at 74.52.

Benzinga