While talking about the monetary policies undertaken by the US government as well as other economic giants like China and Japan, BitMEX’s co-founder, Arthur Hayes, highlighted Bitcoin as the only suitable solution in times of expanding central banking balance sheets.
He made these comments during the current Token2049 conference in Dubai.
Hayes began by asserting that the real yields will continue to be negative, which is something the US Fed and Treasury are actively managing to maintain. This is because they are allowed to borrow funds at lower rates.
Should that trend continue, which has been the case for the past few decades, Bitcoin and other cryptocurrencies will keep increasing in value, said the former BitMEX exec. However, he also warned about the opposite but said there’s very little chance the real yields will go positive anytime soon.
He believes that the GDP numbers claimed by the US and other governments are artificial and are announced to the public to keep them at
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