TechFlow news, April 5 — Arthur Hayes, co-founder of BitMEX, posted that U.S. Treasuries and U.S. equities will lose their status as global reserve assets.
Hayes stated that since Nixon abolished the gold standard in 1971, the size of U.S. debt has grown 85-fold. In the new global monetary order, gold will return as a neutral reserve asset. The U.S. dollar will retain its reserve currency status, but countries will hold gold to settle international trade.
Hayes further pointed out that since China is unlikely to make changes as demanded by Trump, the USD/CNY exchange rate will rise to 1:10, which will become a key factor driving BTC rapidly toward $1 million.
Add to Favorites
Share to Social Media
