Arthur Hayes, the founder of BitMEX and Maelstrom, believes that China's plans for economic stimulation and quantitative easing (QE) will have a positive impact on Bitcoin. As China faces an economic downturn, Hayes predicts that they will resort to QE to support growth, referring to it as "monetary chemotherapy." China's reliance on real estate has been problematic as the property bubble burst in 2020, leading to a slowdown in construction and a decline in property values. With youth unemployment rising and the economy slowing down, Hayes suggests that QE is necessary to keep the economy moving. He sees Bitcoin as a hedge against inflation and a way for people to protect their wealth without relying on real estate or the yuan. Despite the ban on official yuan-Bitcoin exchanges, Bitcoin trading in China continues through peer-to-peer platforms. Hayes believes that the Chinese will turn to Bitcoin as inflation increases, as they have done before. Unlike traditional assets, Bitcoin is not tied to any government's economic policies, making it a safe bet when fiat currencies lose value. Hayes expects that China's elite will eventually realize this and turn to Bitcoin as inflation takes off.



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