- Hayes emphasizes the reestablished friendship between China and the US, expecting more Chinese monetary stimulus to drive the emerging crypto bull market.
- BitMEX co-founder Arthur Hayes holds a positive stance, particularly towards Bitcoin, discussing how crypto is one of the most crucial political, financial, and technological tools.
- Hayes notes the potential positive impact of increased credit potential in China, a weakening dollar, and these factors on the crypto markets.
Arthur Hayes, co-founder of BitMEX, examines the contribution of improved relations between the US and China to Bitcoin’s bull run.
Hayes Evaluates US-China Friendship
Arthur Hayes, the co-founder of BitMEX, has recently published several articles on Bitcoin and crypto investments. In his recent blog post, Hayes pointed out the ongoing uncertainty surrounding the Binance court cases, indicating ambiguous state regulations.
Additionally, Hayes highlighted Binance’s growth as one of the largest crypto exchanges by trading volume. He emphasized the reestablished friendship between China and the US, expecting more Chinese monetary stimulus to drive the emerging crypto bull market.
According to recent reports from the on-chain data analysis platform Lookonchain, Arthur Hayes has a bullish outlook on Bitcoin. According to the reports, since February 7th, Hayes has shared a series of articles on raising funds and buying Bitcoin.
In his blog post published on November 28th, Hayes claimed that he would soon withdraw funds from T-bonds (treasury bonds) and invest in crypto before China’s money-printing machine (China’s ability to expand its monetary policies) goes wild.
BitMEX’s co-founder holds a positive stance, especially towards Bitcoin. Hayes discusses how crypto is one of the most crucial political, financial, and technological tools. Emphasizing the transformative nature of crypto, he highlights the potential to create a parallel financial, political, and economic system based on voluntary participation rather than forced coercion.
Discussing the geopolitical dynamics between China and the US, Hayes predicts that China’s money-printing machine could become more active, potentially leading to a bullish scenario for Bitcoin. He points out that the increased credit potential in China, a weakening US dollar, and these factors could have a positive impact on the crypto markets.
US-China Friendship Could Trigger the Next Bull Run
According to Hayes, the reestablishment of relations between China and the US, especially if relations improve, could contribute to a bullish scenario for the Bitcoin market. The BitMEX co-founder anticipates that China, under the leadership of President Xi Jinping, could enter significant monetary stimulus.
Hayes suggests that this monetary expansion, combined with a weakening US dollar, could be positive for the cryptocurrency market. Moreover, if China prints a significant amount of yuan (CNY), he argues that this amount could enter global markets. This situation will support the prices of various risk assets, including cryptocurrencies. The interchangeable nature of global fiat credit indicates that capital from China could contribute to the rise of hard assets like Bitcoin.
In summary, Hayes’ outlook on Bitcoin is extremely bullish. The expected next bull run may begin before or after the upcoming Bitcoin halving. Investors are closely watching the countdown clock.
