Arthur Hayes Says Bitcoin Primed To Benefit Amid Trade War, Deglobalization and US-China Decoupling – Here’s How
Bitmex founder Arthur Hayes says Bitcoin (BTC) is likely to benefit from the ongoing trade war and a US-China collapse.
In a new interview with Host of Forward Guidance YouTube Channel, Felix Jauvin, Hayes Says Governments around the world are likely to print money to offset the effects of the trade war, noting the massive Bitcoin rally in the past.
“China is not united. This is every major economy that has to print a group of money to really pillow the effects of this divorce attempt, this collapse on globalization. But at the end of the day, yes, they will go to printing money -the benefits of bitcoin.
Now the reward of current US account deficiency is our extra financial account. And so all of these dollars earned, the dollar trillion that got the sale of things in America, recycled the Treasury and Stock bonds and 7, all big US tech stocks. So math, if [US President Donald] Trump is serious about reducing the current account to zero, so foreigners need to sell stocks – period. Mathematics lang.
And then the question is, okay, well, can the United States government survive if there is a huge decline in capital that captures capital because the market is not rising? I don't think so. Therefore, we get a function of money printing and bitcoin benefits. It is finally decaying from tech due to structural flows and what needs to happen from an ability to cope with the US government. “
While some of the crypto space suggests the market disturbance may prompt central banks to start accumulating bitcoin to vary -breaking their holdings, Hayes believes that central banks will continue to turn to gold as a fence, not the flagship crypto asset.
“I don't really think they are ready to think for that kind of jump. They understand gold. They are trained in gold. They have read history books about gold.”
Bitcoin trades $ 94,832 at the time of writing, up to 1.2% in the last 24 hours.
https://www.youtube.com/watch?v=BL8D97WRT0E
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