Arthur Hayes says that Bitcoin is preparing to take advantage of the trade war, Deglobalization, and dismantling the China-Here is how it is how
Bitmex founder, Arthur Hayes, says Bitcoin (BTC) is likely to benefit from the ongoing trade war and dismantle it in the United States.
In a new interview with YouTube guidance, Felix Jauvin, Hayes He says Governments around the world are likely to have to print money to compensate for the effects of the trade war, which ignited the huge bitcoin gatherings in the past.
“China is not alone. It is every major economy that needs to print a set of money to expand the effects of this divorce attempt, and this decrease in globalization. But at the end of the day, yes, they will print money – the benefits of Bitcoin.
Now the mutual account deficit in the United States is the surplus of our financial account. Thus, all of these dollars, the trillion dollars that got the sale of things to America, were recycled in Treasury and stock bonds and MAG 7, all large American technology shares. So mathematically, if [US President Donald] Trump is serious about reducing the current account to scratch, then foreigners must sell shares – the period. It is just mathematics.
Then the question, well, can the United States government remain financially if there is a significant decrease in capital gains because the market does not rise? i don’t think so. Therefore, we get a function of printing money and bitcoin benefits. Finally, it surpasses technology due to structural flows and what should happen from the point of view of the ability to withstand the costs of the American government. “
While some in the encryption space indicate that market turmoil may push central banks to start the accumulation of bitcoin to diversify their asset property, Hayes believes that central banks will continue to switch to gold as a hedge, not the main encryption assets.
“In fact, I don’t think they are mentally ready for this type of jump. They understand gold. They have been trained in gold. They have read history books on gold.”
Bitcoin is trading for $ 94,832 at the time of writing this report, an increase of 1.2 % in the past 24 hours.
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