{"id":140916,"date":"2024-10-30T14:30:43","date_gmt":"2024-10-30T12:30:43","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140916"},"modified":"2024-10-30T03:02:02","modified_gmt":"2024-10-30T01:02:02","slug":"chinas-shift-to-quantitative-easing-could-propel-bitcoin-as-a-safe-haven-says-bitmex-founder","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/chinas-shift-to-quantitative-easing-could-propel-bitcoin-as-a-safe-haven-says-bitmex-founder\/","title":{"rendered":"China’s Shift to Quantitative Easing Could Propel Bitcoin as a Safe Haven, Says BitMEX Founder"},"content":{"rendered":"

He believes<\/a> <\/strong>that such a move will significantly enhance Bitcoin\u2019s<\/a> <\/strong>appeal as a safeguard against currency depreciation.<\/p>\n

In his latest commentary, Hayes notes that China has been facing considerable economic challenges, including stagnant growth, a cooling property market, and declining consumer demand. While Chinese authorities have thus far refrained from implementing aggressive QE measures like those seen in the U.S. and Europe, Hayes anticipates that economic realities will compel a change in strategy towards more robust stimulus efforts.<\/p>\n

He asserts that as China injects liquidity into the economy, the increased money supply is likely to diminish the purchasing power of the yuan. In this context, Hayes argues that Bitcoin will emerge as a vital store of value, protecting investors from the adverse effects of currency devaluation.<\/p>\n