Hayes draws parallels between the economic strategies of the United States and China, coining the term “American Capitalism with Chinese Characteristics.” He suggests that, similar to China’s approach under Deng Xiaoping and continued by Xi Jinping, the US is moving toward a system where the government’s primary goal is to retain power, regardless of whether policies are capitalist, socialist, or fascist.
They did just that from April 2020 to March 2021.” How Bitcoin Could Reach $1 Million Hayes believes that the combination of aggressive fiscal policies and regulatory changes will result in an explosion of bank credit, leading to higher inflation and a weakening US dollar: The combination of legislated industrial policy and the SLR exemption will result in a gusher of bank credit.
To hedge against this, Hayes advocates for investing in assets like Bitcoin and gold.“Instead of saving in fiat bonds or bank deposits, purchase gold (the boomer financial repression hedge) or Bitcoin (the millennial financial repression hedge),” he advises.
The story "BitMEX Founder Predicts How Bitcoin Goes To $1 Million Under Trump" has 997 words across 77 sentences, which will take approximately 5 - 9 minutes for the average person to read.
Which news outlet covered this story?
The story "BitMEX Founder Predicts How Bitcoin Goes To $1 Million Under Trump" was covered 1 weeks ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 8 news stories per day.
It's most recent story was published 9 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
