BitMEX founder: FX surplus in global surplus countries will push Bitcoin price to $1 million

 On April 27th, BitMEX founder Arthur Hayes released a new blog post to discuss his market views. Arthur Hayes believes that the current world monetary policy is inevitably going to collapse, and the foreign exchange sanctions imposed by the United States and Europe against Russia in the conflict will change the world. Trade surplus countries will lose trust in the dollar and the euro, which may lead to the purchase of censorship-resistant bitcoins by surplus countries led by China, and will increase the government deficits of the United States and the European Union on the one hand. Arthur Hayes predicts that the deficit will allow the Fed to create negative real interest rates by fixing Treasury rates, and the euro will eventually collapse due to the deficit, all accelerating Bitcoin’s journey to $1 million. Bitcoin must have a new circulation scene, and the coin culture will bring a huge crisis to the network after the disappearance of mining rewards.