Arthur Hayes, co -founder of Bitmex and CIO at MAELSTROM, believes that the global financial system is undergoing a major shift that can push Bitcoin to a million dollar sign.
According to Hayez, the growing trade tensions between the United States and China are accelerated to the collapse of long -term economic standards, and they open the door to neutral assets such as Bitcoin to occupy the lead center.
How can the American confrontation China pay the demand for bitcoin to transfer the financial arrangement
On April 5 x mailHayes speculated that the exchange rate between the US dollar and the Chinese yuan (USDCNY) can climb to 10.00.
This was attributed to Chinese President Xi Jinping’s refusal to change the country’s economic trend to satisfy the demands of the United States, especially in light of President Donald Trump’s commercial position.
“Usdcny will go to 10.00 BC, there is no way that Shi Jinping agrees to change China by ways to clarify Trump. This is Super Bazooka BTC, you need to climb at a speed of about a million dollars.”
Over the past week, global financial markets were ready after the Trump administration’s decision to impose a 10 % blanket tariff on all imports. China, which faces up to 34 % higher, responded to a round of revenge tariffs that will start on April 10.
However, Trump doubled the confrontation, and refused China’s reaction as a mistake.
“China has played wrongly, I felt panic – the only thing they could not do!” Trump books On the social truth.
While this political situation continues, Hayes sees deeper risks under the surface. According to him, the ongoing tariff war can undermine the global role of the United States Treasury and stock.
For decades, the United States has exported dollars by managing the trade deficit, while foreign countries recycled those dollars in US financial assets. This system, according to Haiz, may not be sustainable.
If countries stop collecting dollars, their request for American bonds and stocks will shrink. Some may start selling reserves to protect their economies.
Hayes noticed that even Trump’s policy reflects will not restore confidence, because global leaders may not trust the stability of American trade policy.
“Even if Trump is back away from the severity of the definitions, no financial minister or a global leader can risk providing his mind again, and therefore things cannot return to the way it was. You must do what is better for your country,” Hayes wrote.
In this environment, Hayes sees a renewed role for the assets that are not associated with any one government. According to him, gold, which has long been considered a safe haven, will return.
“The dollar will remain the backup currency, but the countries will retain gold reserves to settle world trade. Trump has hinted at this because gold is exempt from tariff!
However, Hayes says that bitcoin can be more attractive in a decentralized world, transport capital, and reduce confidence in traditional energy structures.
“For those who want to adapt to a return to trade relations before 1971, and the purchase of gold, gold and BTC miners.”
Disintegration
In adherence to the confidence project guidance, beincrypto is committed to unprepared and transparent reporting. This news article aims to provide accurate information in time. However, readers are advised to independently verify facts and consult with a professional before making any decisions based on this content. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
