- Donald Trump’s economic policies are auspicious for Bitcoin investors.
- Two forces will drive Bitcoin to $1 million.
- Capital controls are coming, said Arthur Hayes.
What happens when foreign investors have had their fill of US Treasury bonds? Bitcoin to $1 million.
That’s Arthur Hayes’ take. And the crypto influencer and co-founder of BitMEX is bound to draw some nods of approval — he did just call Bitcoin’s slide to $74,000 and subsequent rebound.
In his latest blog post, Hayes argued that the combination of US President Donald Trump’s economic policies and rising global instability will drive investors away from US government debt, long deemed among the safest securities on the planet.
Bitcoin will pick up the slack.
“Foreign capital repatriation and the devaluation of the gargantuan stock of US treasuries will be the two catalysts that will power Bitcoin to $1 million sometime between now and 2028,” he wrote.
“The…
