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The post <a href="https://coinpedia.org/uncategorized/arthur-hayes-predicts-surge-in-bitcoin-investment-from-china/">China’s Wealthy Bet on Bitcoin’s Future: Surge of Investments Incoming?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Is Bitcoin the new gold rush for China’s wealthy? <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a> is making waves, overcoming a tough spot at $36,700 and leaving everyone curious about its next move. Arthur Hayes, aco-founder of BitMEX, has stirred up excitement in his new <a href="https://cryptohayes.substack.com/p/panda-power">analysis </a>with a hint at a global financial tango as Chinese capital enters Bitcoin. 
His insights are worth acknowledging. Read on! 
<h2 class="wp-block-heading" id="h-why-is-bitcoin-china-s-choice">Why is Bitcoin China’s Choice?</h2> 
Arthur Hayes takes a deep dive into the intricate moves of China’s wealthy players in the Bitcoin arena. His analysis shines a light on how wealthy individuals and state-owned enterprises (SOEs) in China often use Hong Kong banks for their international financial dealings. With regulated crypto exchanges and brokers in Hong Kong, the digital asset landscape gains structure, setting the stage for an intriguing performance. 
<blockquote class="wp-block-quote"> 
 “If there is a way to move cash from the mainland to Hong Kong legally, Bitcoin will be one of many risk assets that will be purchased.” 
</blockquote> 
The connection between <a href="https://coinpedia.org/news/chinas-role-in-bitcoins-recent-surge-a-global-game-changer/">Bitcoin and China goes way back</a>, with major Bitcoin miners and Chinese clients dominating global spot trading, especially with BTC/Chinese yuan renminbi pairs before 2020. 
He notes that affluent Chinese individuals are well-versed in Bitcoin’s potential as a store of value and are keenly aware of its evolution and success. Given its attractiveness, if there are legal pathways to transfer funds from mainland China to Hong Kong, Hayes predicts that Bitcoin could be among the assets purchased. 
Also Read: <a href="https://coinpedia.org/price-analysis/whats-next-for-bitcoin-btc-and-major-altcoins-crypto-outlook/">What’s Next for Bitcoin (BTC) and Major Altcoins? Crypto Outlook</a> 
<h2 class="wp-block-heading" id="h-china-s-economic-shift">China’s Economic Shift </h2> 
In tune with the Chinese government’s efforts to transition economically, Hayes notes a trend where companies seek credit offshore. This shift triggers a surge in the US dollar’s value and a global increase in credit costs. A fascinating forecast emerges, envisioning a scenario where the availability of yuan credit diminishes the demand for dollar credit, potentially elevating the value of assets like Bitcoin and gold in dollar terms. 
Interestingly, this potential trend doesn’t require direct Bitcoin purchases by Chinese entities. Instead, it’s driven by a shift in global fiat credit availability, hinting at a possible influx of fiat currency into assets like Bitcoin, known for their stability and value-retention characteristics. 
It’s just up and up from here! 
Meanwhile, crypto enthusiasts are excitedly waiting for what’s next, thinking about different possibilities. They’re getting ready to reach $50,000 in anticipation of an exciting journey.

China’s Wealthy Bet on Bitcoin’s Future: Surge of Investments Incoming?

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Ďalšie články zverejnené 30. 11. 2023

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