Former BitMEX CEO Arthur Hayes has published a new essay titled Fatty Fatty Boom Boom Boom, in which he thoroughly analyzes the potential changes in global markets influenced by Donald Trump’s economic strategy. Hayes believes that Trump’s team may abandon the policy of global dollar dominance in favor of a controlled capital outflow. This will change the rules of the game and provide new opportunities for the growth of cryptocurrencies, particularly Bitcoin.
This is reported by Business • Media
Key Points from Arthur Hayes’s Essay
Hayes emphasizes that implementing the new strategy will require a massive issuance of dollars by the U.S. Federal Reserve (Fed), which will lead to a weakening of the national currency. “Bitcoin could become a lifeboat for investors — a digital asset free from national control,” the author notes.
“These advantages could propel the first cryptocurrency to $1 million by the 2028 elections.”
Hayes also compares the economic situation in the U.S. to the problems of modern food, where agribusinesses dominate the market, forcing consumers to accept low-quality products. In his view, a similar “obesity” has occurred in the U.S. economy, which has “swelled” due to uncontrolled dollar issuance.
Political and Economic Consequences
Hayes discusses the possibility of introducing new taxes on foreign investments, which could serve as an alternative to tariffs. This approach would help reduce the trade deficit and bring manufacturing back to the U.S. However, he warns that such changes may lead to capital outflows from American markets, negatively impacting stock and real estate prices.
The author concludes that the situation in the markets will depend on the actions of the American administration and how quickly foreign investors begin to respond to changes in economic policy.