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Cryptocurrency Inflation Driven by U.S. Monetary Policy, Mirroring China
Arthur Hayes, former CEO of BitMEX, reveals how cryptography adapts to the new U.S. economy:
- The main growth driver isn't the news, but rather a printing press.
- Bitcoin increases when the supply of fiat money grows, which is the main factor, not wars and sanctions.
- The U.S. mimics China, but through cryptocurrencies.
- Money is being poured into factories and jobs. But inflation isn't entering goods but digital assets.
- China previously inflated its real estate market, similarly, the U.S. is inflating its cryptocurrency market.
- These activities are profitable for the state:
- Excess money is anchored in crypto.
- Young and poor individuals feel richer.
- Stablecoins are invested in government bonds, financing government expenditure.
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AI Analysis
Arthur Hayes emphasizes the parallels between China's past real estate inflation and the current U.S. cryptocurrency market inflation, emphasizing the role of monetary policy and money creation. He su...
AI Recommendation
Investors should remain cautious and closely monitor the developments in the cryptocurrency market, especially given the parallels with China's past inflation strategies. The increasing influence of d...
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