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cryptonews
@edwardboss
🪙 Arthur Hayes has published a new essay, “Let's Go Bitcoin”, where he discusses how global crises and monetary stimulus are contributing to the rise of BTC amid weakening fiat currencies: 1️⃣ Arthur Hayes criticizes capitalism and the US corporate system, where private profits are achieved at the expense of public losses through government support. 2️⃣ 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. 3️⃣ The economic crises in Japan, the U.S. and the EU had similar dynamics: the bursting of the real estate bubble and subsequent stimulus through quantitative easing. 4️⃣ Hayes predicts that China will also resort to quantitative easing (QE), leading to a rise in BTC on the back of a weaker yuan and growing money supply.
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