Arthur Hayes, co -founder of Bitmex and Cio in Maelstrom, believes that the global financial system is experiencing serious changes that may push bitcoin to $ 1 million.
According to Hais, the growing trade tension between the United States and China accelerates the destruction of established economic norms, creating favorable conditions for the development of neutral assets, such as bitcoin.
As a confrontation between the United States and China, can stimulate the demand for bitcoin in a changing financial basis
On April 5, Heis wrote on the social network X (formerly Twitter) that the dollar to Yuanu could reach 10.00. In his opinion, the chairman of the PRC Xi Jinping will not change the economic policy under the pressure of the United States, especially considering Trump’s aggressive position.
Exacerbation of the trade war
Last week, Trump introduced a 10 percent fee for all imports. China, which has already encountered high tariffs up to 34%, announced response from April 10.
However, Heis sees a more serious problem: a trade war can undermine the role of American bonds and shares in the world economy. For decades, the United States exported dollars through a trade deficit, and other countries invested them in American assets. Now this system can collapse.
New financial reality
In the new financial conditions, the demand for independent assets will grow. Hayes expects a return of interest in gold.
“The dollar will remain a reserve currency, but the countries will store reserves in gold for international trade. Trump himself prompted the idea, because Gold was freed from tariffs! ”
Bitcoin can become even more attractive in the world where the importance of decentralization and mobility of capital is growing.
“Those who want to adapt to the return of the format trade relations until 1971 should buy gold, shares of gold miners and BTC,” Hayes concluded.
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Source: Cryptocurrency
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