China’s monetary expansion could drive wealthy investors to Bitcoin. BitMEX founder Arthur Hayes predicts that this monetary policy shift will lead to a major increase in Bitcoin’s value. 🚀

Hayes notes that despite official restrictions in China, crypto trading continues via peer-to-peer networks on major exchanges. He notes that Bitcoin has historically outperformed traditional assets.

China’s new debt package and 10 trillion yuan stimulus plan could drive local investors to Bitcoin. However, he acknowledges that this transition could take time. Hayes predicts that Chinese investors will be restricted from accessing Bitcoin ETFs and will have to rely on existing peer-to-peer networks. 📈