Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom, believes the global financial system is undergoing a major shift that could propel Bitcoin toward the $1 million mark. According to Hayes, rising trade tensions between the US and China are accelerating the breakdown of long-standing economic norms, opening the door for neutral assets like Bitcoin to take center stage. How US-China Standoff Could Drive Bitcoin Demand in Shifting Financial Order In an April 5 X post, Hayes speculated that the exchange rate between the US dollar and Chinese Yuan (USDCNY) could climb to 10. 00
source: https://beincrypto.com/arthur-hayes-tariff-war-bitcoin/