ChainCatcher News: BitMEX co-founder Arthur Hayes points out in his new article "Black or White?" that the incoming Trump administration may emulate China's economic development model, potentially driving manufacturing back to the U.S. through large-scale fiscal stimulus and industrial policies. The policies will include tax incentives and subsidies for key industries, as well as providing cheap financing through the banking system.

This is expected to lead to a rapid expansion of bank credit, possibly exceeding the $4 trillion stimulus scale seen during the pandemic. In this context, Bitcoin will become the best choice against the devaluation of fiat currency, with the potential to reach $1 million.