BitMEX’s founder Arthur Hayes believes that the global multi-polar macroshift will lead to an expansion in the money supply, which will drive Bitcoin (BTC), and other cryptos to higher values.
Hayes, in a recent interview with Scott Melker says the Trump Administration will need to print trillions to keep up with China.
Hayes, despite the fact that Europe and China occupy different positions on the geopolitical board, say that they are in a similar boat to the US as both countries will have to produce more money to meet certain goals and fulfill promises.
China needs to make a similar move, but a bit different. They need to boost their real estate market and get people investing again in stocks. To get inflation going, they also need to start printing yuan. Japan must sell its stuff and return yen to the US. The US does not want Japan to do this, so it will give money to them so that they won’t have to.
Europe is trying to reduce carbon emissions, but they are also shutting off their supply of energy and products from China. They want the largest welfare state on the planet and so need money printed. Everyone needs to follow the same path to achieve their goal …”
Hayes said that President Trump and Treasury Sec. Scott Bessent were “very explicit” in their intention to weaken and create more credit to try to boost growth.
Hayes says, as the CIO for investment firm Maelstrom. Such changes will drive assets, including Bitcoin, to “unimaginable levels”.
These are the huge changes in economics and crypto that will take the price of gold and, to a certain extent, cryptocurrency to levels unimaginable for fiat. This is how we reach $1 million Bitcoin. $250,000 was a stop on the way. This realignment is a chessboard and everyone on it will print money in order to get themselves by .”
Bitcoin currently trades for $93.964.
Join us at X@InvCryptoDaily to never miss a beat.
Sources of Images include Pixabay Creative Commons & Midjourney
As new information becomes available, this post may change.
