Arthur Hayes: The United States may implement 'capitalism with Chinese characteristics', and BTC is expected to reach $1 million.

【Arthur Hayes: The United States may implement a "Chinese-style capitalism", and BTC is expected to reach $1 million】CEX co-founder Arthur Hayes released a new article titled "Black or White?", stating that the upcoming Trump administration may adopt a similar economic development model to China, which he refers to as "Chinese-style American capitalism". Hayes expects the new government to promote the reshoring 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 cheap financing through the banking system. It is expected that this will lead to rapid expansion of bank credit, potentially exceeding the $4 trillion stimulus scale during the pandemic. Against this backdrop, Hayes believes that BTC will be the best choice to counter the depreciation of Fiat Currency, with the potential to reach $1 million.