PANews reported on November 12 that BitMEX co-founder Arthur Hayes published a new article titled "Black or White?", saying that the incoming Trump administration may adopt an economic development model similar to China, which he called "American capitalism with Chinese characteristics."
Hayes expects the new government to 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 and cheap financing through the banking system. It is expected that this will lead to a rapid expansion of bank credit, which may exceed the $4 trillion stimulus during the epidemic. In this context, Hayes believes that Bitcoin will become the best choice to fight the depreciation of fiat currency, and is expected to reach $1 million.
