✨ Is China Poised to Boost the Crypto Market?
posted 29 Nov 2023
Arthur Hayes, the co-founder of crypto derivatives exchange BitMEX, discusses
the implications of the United States' current fiscal policy in his
recent essay "Panda Power," highlighting its role in the weakening of
the dollar.
Hayes suggests that this economic scenario presents China with a unique
opportunity to ramp up its lending, bolstering its economy without the
risk of devaluing the yuan.
According
to his analysis, China is likely to enhance its market liquidity soon, a
development that could potentially boost the BTC price and positively
impact the broader cryptocurrency market.
Cover of Arthur Hayes' essay "Panda Power" Source: cryptohayes.substack.com: cryptohayes.substack.com
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