The era of American treasury and stocks as global backup assets now with gold assumption and bitcoin: Arthur Hayes
The founder of Bitmex and Crypto, Arthur Hayes, says gold and bitcoin (BTC) effectively, the US treasury and shares as prevailing global reserves.
In a post on the social media platform X, Hayes He says This President Trump was partially elected by Americans who felt that they did not participate in the alleged “prosperity” arising from the Golden Standard in 1971.
Hayes says that if the White House continues to reduce its debts and its inability to the current account, then other countries will have to finance their economies by selling their American shares and bonds, which creates a permanent change in the global financial system because finance ministers around the world will not seize Trump’s opportunity.
The end: Among the US Treasury bonds, and to a lesser extent, American stocks as a global reserve asset. If the American current account deficit is canceled, foreigners will not have dollars to buy bonds and stocks. If foreigners have to weaken their economies, they will sell what they own, bonds and shares of the United States, to finance their nation’s policies. ”
The Crypto investor also notes that he believes that gold and bitcoin will appear as winners of changing global financial order.
Return:
Gold as a neutral backup origin. The dollar will remain the currency of the reserve, but the countries will retain reserves in gold to settle world trade. Trump alluded to this because gold is exempt from customs tariffs! Gold must flow freely at a price in the critical arrangement of the new world.
Many of those who got well in the stage of denial, and they share an illusion that will somehow return to “normal” …
For those who want to adapt to a return to trade relations before 1971, and the purchase of gold, gold and BTC miners. “
Hayes also suggests that Trump’s economic waves may have finally broke the relationship between BTC and Nasdaq.
“Hodlers BTC needs to learn definitions, and we may finally break the relationship with NASDAQ, and we can move to the purest form of liquidity smoke.”
At the time of this report, BTC is trading at $ 83322.
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