Arthur Hayes, co-founder of BitMEX, has conveyed a positive forecast for Bitcoin in a recent blog post. He emphasizes that potential quantitative easing by China's central bank could significantly uplift Bitcoin's market value. According to Hayes, the necessity for China to inject more money into the economy to tackle deflation will positively impact Bitcoin prices.
Hayes argues that the Chinese central bank's approach to expanding its money supply through quantitative easing will act as a catalyst for Bitcoin's price surge. He believes that such economic maneuvers will shift investment interests towards cryptocurrencies, particularly Bitcoin.
This viewpoint comes amid expectations for economic policies that might involve larger quantities of currency being processed into China's market to alleviate deflation. This process of quantitative easing reflects a trend where more investors may turn to Bitcoin as a hedge against the increasing money supply and potential currency devaluation.
