Chinese monetary expansion could potentially drive wealthy investors to Bitcoin. If such a trend materializes, it will end up repeating 2015\u2019s pattern of post-yuan-devaluation cryptocurrency growth.<\/p>\n
Arthur Hayes, the co-founder of BitMEX, predicts a significant surge in Bitcoin\u2019s value driven by this monetary policy shift.<\/p>\n
In his recent blog post<\/a>, Hayes argues that despite official restrictions, cryptocurrency trading continues to thrive in mainland China through peer-to-peer networks on major exchanges like Binance, OKX, and Bybit. He points to Bitcoin\u2019s historical outperformance of traditional assets during periods of monetary expansion, citing the dramatic rise from $135 to $600 in late 2015 following a yuan devaluation.<\/p>\n While Chinese authorities have banned direct Bitcoin\/CNY trading pairs, Hayes suggests this was merely to prevent Bitcoin from serving as a visible indicator of currency debasement, noting that crypto ownership itself remains legal in China.<\/p>\n Looking ahead, Hayes anticipates that China\u2019s expected monetary expansion and \u201creflation\u201d efforts will drive wealthy local investors toward Bitcoin as a hedge against currency devaluation. Despite this bullish forecast, Hayes acknowledged that this transition may take time. His analysis even suggests that the initial Chinese investor response has focused on domestic equities and discounted real estate, but he expects attention to shift to Bitcoin as monetary effects become more apparent.<\/p>\n However, Hayes predicts that mainland Chinese investors will likely be restricted from accessing Hong Kong\u2019s Bitcoin ETFs, which would then force them to rely on existing peer-to-peer networks for cryptocurrency exposure.<\/p>\n Hayes\u2019 commentary comes amidst reports<\/a> that China\u2019s markets may see a significant boost as authorities consider injecting 10 trillion yuan, which is worth around $1.4 trillion, into the economy through debt issuance.<\/p>\n The massive stimulus package, including 6 trillion yuan in special sovereign bonds, is expected to receive approval from top legislators in the first week of November. The fiscal package, aimed at reviving China\u2019s struggling economy, could be improved if Donald Trump secures the US presidency.<\/p>\n The post Here\u2019s What Can Push Bitcoin\u2019s Price Even Higher This Year: Arthur Hayes<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Chinese monetary expansion could potentially drive wealthy investors to Bitcoin. If such a trend materializes, it will end up repeating 2015\u2019s pattern of post-yuan-devaluation cryptocurrency growth. Arthur Hayes, the co-founder of BitMEX, predicts a significant surge in Bitcoin\u2019s value driven by this monetary policy shift. Bitcoin As Hedge In his recent blog post, Hayes argues […]<\/p>\n","protected":false},"author":0,"featured_media":16418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16417"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16417"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/16418"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}China\u2019s New Debt Package<\/h2>\n