BitMEX co-founder Arthur Hayes has expressed his support for improved economic relations between the United States and China, stating that it will aid in the widespread use of digital currencies in the global market.

Hayes also previously appealed to authorities in Hong Kong and China to adopt friendlier stances towards cryptocurrencies in order to increase their value and drive investment in technology companies.

He believes that as the US dollar depreciates and technology investments become more appealing, Bitcoin’s value will rise.

Additionally, Hayes predicts that collaboration between China and the US will advance the global blockchain infrastructure, and that as these leading economies shift their capital from treasury bonds towards digital currencies, Bitcoin’s price will continue to increase.

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