Bitcoin

The American entrepreneur and co-founder of the crypto platform BitMEX, Arthur Hayes, shared his insights into the Chinese crypto market, asserting that the return of Chinese investors could trigger a rally in the crypto industry. After a detailed analysis, the entrepreneur proclaimed that Hong Kong would direct China toward achieving a full-fledged crypto space, overpowering the United States.Hayes took to Twitter to invite his followers’ attention to the release of his essay “Fungible”, which is a narration “about the irrelevancy of US crypto traders and why the bull market baton will transfer from the US to China”:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7445e5cb0e1e4bcd84b56e47c57038a9.png" />The entrepreneur presented a comparison between the pre-pandemic and post-pandemic conditions of the American crypto market and traders. Though the traders like Ray Dalio became billionaires through the long bull market run in the nation, the increasing inflation and short-term rates through decades have made investors hopeless in long-term bonds.However, despite huge losses, long-term government bond continues as “the entire fiat financial system is structured to force – or at the very least heavily suggest – that owning government bonds is the fiduciary duty of your pension fund manager”.Read full article at <a href="https://cryptotale.org/chinese-crypto-investors-return-will-ignite-crypto-market-says-bitmex-co-founder/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Chinese Crypto Investors’ Return Will Ignite Crypto Market: Says BitMEX Co-Founder

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