bullish

Bitcoin

Arthur

when

Coin

<ul class="wp-block-list news-points">
 <li>Arthur Hayes predicted that Bitcoin will turn bullish in the near future.</li>
 <li>Hayes said that China’s potential money printing will turn BTC bullish.</li>
 <li>Bitcoin successfully reclaimed the $71,000 price level in the past 24 hours.</li>
</ul>
Crypto entrepreneur and BitMEX co-founder Arthur Hayes has published a blog post outlining a bullish case for Bitcoin. Hayes argues that the Chinese central bank will need to increase the money supply through quantitative easing (QE) to combat deflation. This, he says, will cause Bitcoin’s price to surge.
Hayes noted, while adding:&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “As long as fiat is created, Bitcoin will soar.”
</blockquote>
Hayes also states that no other asset class “outperforms the debasement of the currency like Bitcoin does.” He believes that investors understand this and will flock to Bitcoin to protect their purchasing power when China starts printing more money.
To illustrate his point, Hayes shared a chart showing how Bitcoin has outperformed gold, the S&amp;P 500, and the Case Schiller US Property Price Index.
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcZHMKYaZ9vdFCe0MtI42eS6KhI3KT96QSIvDkl8pBYDsEbYV4iD5aRAizfjplXXGWt_CN-OqRRo2bkWGfi2cU7z32JVxOLPOBSQlu_MISPlAX3RE2XeNrjvf726fWO2nAixZjN_-P6f5Tgd5QYsKXOpm_U?key=m1-27GsXfTwBf2JpSkIOsp8s" alt="" style="width: 100%;height:auto">
 </figure>
</div>
<h2 class="wp-block-heading" id="h-bitcoin-s-latest-price-action">Bitcoin’s Latest Price Action</h2>
Interestingly, Bitcoin successfully claimed the $70,000 price level in the past 24 hours and as per the data from C…
The post <a href="https://coinedition.com/arthur-hayes-chinas-quantitative-easing-will-trigger-a-bitcoin-price-surge/" rel="noopener noreferrer nofollow">Arthur Hayes: China’s Quantitative Easing Will Trigger a Bitcoin Price Surge</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Arthur Hayes: China’s Quantitative Easing Will Trigger a Bitcoin Price Surge

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