BitMEX founder Arthur Hayes credits Trump, Xi monetary policies for BTC bull run

Arthur Hayes has declared that the rise of Bitcoin today has less to do with its programmed halvings and more to do with what Donald Trump and Xi Jinping are doing with their currencies right ￰0￱ his latest essay, “Long Live the King,” the crypto trader says he thinks every society still fights over scarce ￰1￱ says we are not living in some sci-fi age of infinite ￰2￱ energy and goods are limited, humans use money to decide who gets ￰3￱ calls money a “devilish construct” that sets the price of ￰4￱ and quantity of money, he argues, are the two most important variables in ￰5￱ distortion of them leads to ￰6￱ notes that all economic ideologies meddle with money in one way or ￰7￱ explains that while free markets balance scarcity, people hate ￰8￱ step in to regulate markets and money, claiming to prevent immoral outcomes like slavery or to provide collective ￰9￱ once they control money, they can force its ￰10￱ they act benevolently, other times they act as “despotic monetary dictators.” So all governments end up debasing their money supply because politicians refuse to wait for real scientific breakthroughs that could lead to abundance.

Instead, they keep printing. Societies, however, still find ways to protect ￰11￱ print, people resist, Bitcoin enters Arthur points to the internet era, where central governments became even stronger through ￰12￱ question then was how people could defend the right to sound ￰13￱ says Satoshi’s Bitcoin came as a gift at the right ￰14￱ BitMEX founder calls it the best form of money yet created, though still valued in relation to the dollar because of America’s ￰15￱ says Bitcoin’s price shifts follow the supply and price of dollars. That, not the halving cycle, is what matters ￰16￱ recalls three earlier ￰17￱ was the Genesis cycle (2009-2013), when the global financial crisis wrecked ￰18￱ chair Ben Bernanke launched unlimited QE in ￰19￱ flooded the world with ￰20￱ surged but then collapsed in 2013 when both Fed and PBOC slowed money ￰21￱ supply peaked and rolled over, yuan credit growth slowed, and the bubble ￰22￱ ICO cycle (2013-2017) came next.

Ethereum’s launch fueled token ￰23￱ rose because of Chinese liquidity, not ￰24￱ surged in 2015 as the yuan was ￰25￱ as yuan credit growth decelerated and the dollar tightened, Bitcoin’s bull run ended in late ￰26￱ came the COVID cycle (2017-2021). Arthur says COVID “definitely killed millions,” but governments worsened it with poor ￰27￱ argues the crisis became an excuse to strip freedoms and print at historic ￰28￱ Trump launched helicopter money, the biggest populist handout since FDR’s New ￰29￱ entered ￰30￱ dollar supply doubled, and the price of money fell to zero. China, meanwhile, kept tight ￰31￱ Jinping used the period to crack down on property speculation with his “Three Red Lines” ￰32￱ meant China’s credit didn’t fuel the bull ￰33￱ late 2021, ￰34￱ soared, Biden ended stimulus checks, and the Fed turned ￰35￱ bull market ￰36￱ world order shapes new path Arthur argues the current cycle, from 2021 onward, is ￰37￱ says America is no longer the unquestioned ￰38￱ hide the pain of change, politicians keep ￰39￱ Biden, Treasury Secretary Janet Yellen drained the Fed’s Reverse Repo Program by issuing more T-bills, injecting $2.5 trillion of ￰40￱ successor, who Arthur humorously calls Buffalo Bill Bessent, carried on until the RRP hit near zero.

Meanwhile, China battled ￰41￱ stayed committed to lowering property ￰42￱ limited China’s role in global ￰43￱ writes that many traders now call the bull market over, but he ￰44￱ cites Fed actions and PBOC signals as proof that liquidity will ￰45￱ points to Trump’s return to office, where he pushes to “run the economy hot” and cut rates despite inflation being above the 2% ￰46￱ highlights Trump’s plan to lower housing costs to unlock trillions in ￰47￱ also plans to deregulate banks to boost ￰48￱ concludes that the direction is clear: cheaper money and higher ￰49￱ China, he says policymakers will step in if pressure rises, and while they may not flood markets like 2009 or 2015, they will not block global liquidity growth ￰50￱ ends by telling readers to watch Washington and ￰51￱ are signaling easier ￰52￱ writes: “Listen to our monetary masters in Washington and ￰53￱ clearly state that money shall be cheaper and more plentiful.

Therefore, Bitcoin continues to rise in anticipation of this highly probable ￰54￱ king is dead, long live the king!” Get seen where it ￰55￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.