In his latest essay, Arthur Hayes, co-founder and CIO of Maelstrom, draws a stark parallel between America’s growing economic imbalances and its unsustainable reliance on foreign capital—and argues that capital controls, not tariffs, are the only politically viable solution to rebalance the system. In what he dubs the “Boiling Frog Theory,” Hayes foresees a slow, stealthy imposition of financial restrictions on foreign investors that will ultimately accelerate Bitcoin’s rise to $1 million by 2028. Titled Fatty Fatty Boom Boom, the essay begins with a provocative metaphor: America’s bloated financial system is likened to the obesity crisis—a pathology enabled by cheap processed inputs and pharmaceutical band-aids that preserve a diseased status quo. “The American economy was hijacked by printed money,” Hayes writes, tracing the origin of US imbalances back to the Federal Reserve’s inception in 1913 and the permanent shift away from natural business cycles to a regime of endless stimulus
source: https://www.newsbtc.com/bitcoin-news/bitcoin-1-million-2028-capital-controls/