🔥Hot News🔥BitMEX co-founder Arthur Hayes recently published an article claiming that we have entered a new inflation cycle, and governments will once again suppress their own savers through finance to finance wars. He pointed out that this cycle is characterized by countries prioritizing their own interests and high inflation. 🌍

Hayes suggested that in this cycle, we should pay close attention to the size of the fiscal deficit and the total amount of credit provided by banks to non-financial institutions, rather than focusing on changes in the central bank's balance sheet as in the past. 💰

Faced with huge fiscal deficits and loose monetary conditions, Hayes is confident about the prospects of Bitcoin. He asserted that as long as capital can still flow freely, switching from fiat currency to cryptocurrencies such as Bitcoin will be the best way to preserve wealth. 🚀

Hayes predicts that the current situation is highly similar to the 1930s-1970s, so he advises investors to prepare for a rainy day and switch funds from fiat currency to cryptocurrencies. 🌈This is a voice full of optimism about Bitcoin, let us wait and see!