Arthur Hayes: The United States may follow China's economic development model, and Bitcoin is expected to reach 1 million dollars

ChainCatcher news, BitMEX co-founder Arthur Hayes pointed out in his new article "Black or White?" that the incoming Trump administration may emulate China's economic development model, or promote the return of manufacturing to the United States through large-scale fiscal stimulus and industrial policies. The policies will include tax incentives and subsidies for key industries, as well as providing cheap financing through the banking system.

This is expected to lead to a rapid expansion of bank credit, potentially exceeding the $4 trillion stimulus scale during the pandemic. In this context, Bitcoin will become the best choice against the devaluation of fiat currency, with the potential to reach $1 million.