TechFlow reports that former BitMEX CEO Arthur Hayes, in his latest article titled "Black or White?", suggested the incoming Trump administration might adopt an economic development model similar to China's, which he refers to as "American capitalism with Chinese characteristics."
Hayes expects the new government to drive manufacturing reshoring through large-scale fiscal stimulus and industrial policies, including tax incentives and subsidies for key industries, as well as providing cheap financing via the banking system. He anticipates this will lead to rapid credit expansion, potentially exceeding the $4 trillion pandemic-era stimulus. Against this backdrop, Hayes believes Bitcoin will become the best hedge against fiat currency devaluation and could reach $1 million.
