{"id":1807,"date":"2024-10-29T13:34:16","date_gmt":"2024-10-29T13:34:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1807"},"modified":"2024-10-29T13:34:16","modified_gmt":"2024-10-29T13:34:16","slug":"bitcoin-demand-to-surge-as-china-implements-monetary-chemotherapy-arthur-hayes-predicts","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1807","title":{"rendered":"Bitcoin Demand To Surge As China Implements &#8216;Monetary Chemotherapy,&#8217; Arthur Hayes Predicts"},"content":{"rendered":"<div>\n<p><strong>Arthur Hayes<\/strong>, co-founder of <strong>BitMEX<\/strong>, anticipates a surge in Chinese demand for <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) as Beijing leans towards aggressive monetary stimulus to combat the effects of its <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41579915\/grant-cardone-donald-trump-can-solve-massive-problem-in-the-housing-market-advocates-finan\">prolonged property crisis<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>Hayes argues that China&#8217;s adoption of quantitative easing (QE)\u2014mirroring approaches used by the Federal Reserve and European Central Bank\u2014will drive yuan debasement, making Bitcoin a more attractive option for wealth preservation.<\/p>\n<p>In a blog <a href=\"https:\/\/cryptohayes.substack.com\/p\/lets-go-bitcoin?utm_source=post-email-title&amp;publication_id=1616843&amp;post_id=150863881&amp;utm_campaign=email-post-title&amp;isFreemail=true&amp;r=43hcv4&amp;triedRedirect=true&amp;utm_medium=email\">post<\/a> issued Monday, Hayes suggests that, should China implement large-scale QE, as many economists expect, this would likely lead to a significant yuan devaluation.<\/p>\n<p>This &#8220;monetary chemotherapy,&#8221; as Hayes calls it, would primarily benefit large financial institutions and well-capitalized players while gradually eroding purchasing power for average citizens. <\/p>\n<p>&#8220;Bitcoin is not a foreign concept to middle and high-income coastal urban dwellers,&#8221; Hayes notes, pointing out that Chinese citizens are adept at utilizing P2P platforms, including Binance &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41599395\/bitcoin-demand-to-surge-as-china-implements-monetary-chemotherapy-arthur-hayes-predicts\" alt=\"Bitcoin\" demand to surge as china implements chemotherapy arthur hayes predicts>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Arthur Hayes, co-founder of BitMEX, anticipates a surge in Chinese demand for Bitcoin (CRYPTO: BTC) as Beijing leans towards aggressive monetary stimulus to combat the effects of its prolonged property crisis. What Happened: Hayes argues that China&#8217;s adoption of quantitative easing (QE)\u2014mirroring approaches used by the Federal Reserve and European Central Bank\u2014will drive yuan debasement, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1807","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1807"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1807\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}