Farcaster

👤 Arthur Hayes' new essay “Let's Go Bitcoin” is out, where he speculates on how global crises and monetary stimulus are fueling the rise of BTC amid weakening fiat currencies - read (https://cryptohayes.substack.com/p/lets-go-bitcoin)

- Arthur Hayes criticizes capitalism and the US corporate system where private profits are achieved at the expense of public losses through government support;

- China's real estate market has become the largest bubble in history and Beijing, understanding the risks, has introduced the “Three Red Lines” policy to regulate developer debt;

- The economic crises in Japan, the US and the EU had similar dynamics: the bursting of the real estate bubble and subsequent stimulus through quantitative easing;

- Hayes predicts that China will also resort to QE, leading to a rise in BTC on the back of a weaker yuan and rising money supply.