According to Deep Tide TechFlow news on December 18, BitMEX co-founder Arthur Hayes posted (Trump Truth) stating that while he does not believe the U.S. government will buy Bitcoin, this does not affect his optimistic view of its price prospects. Ultimately, the depreciation of gold will create dollars, and these dollars must find a place in real goods/services and financial assets. We know from experience that due to the limited supply of Bitcoin and the decreasing amount of circulating coins, the fiat price of Bitcoin rises faster than the growth rate of the global dollar supply.
In summary, quickly and significantly weakening the dollar is the first step for Trump and Bessent to achieve their economic goals. This is also something they can accomplish overnight without consulting domestic legislators or foreign finance ministers. Given that Trump has only one year to demonstrate progress on some of his goals to help the Republican Party maintain control of the House and Senate, Arthur Hayes’ basic prediction is that there will be a depreciation of the dollar/gold in the first half of 2025.
