Arthur Hayes Discusses Potential Impact of Reindustrialization Plan on Bitcoin

According to BlockBeats, Arthur Hayes recently discussed the core of the reindustrialization plan proposed by Besant, which focuses on controlling the Federal Reserve and implementing yield curve control (YCC). This approach involves setting short-term interest rates through the interest on reserve balances (IORB) and the discount window rate, while long-term rates are managed by expanding the Federal Reserve's balance sheet to purchase bonds. Hayes speculated that if U.S. President Donald Trump gains control of the Federal Reserve in 2026 and implements this plan, the combined new credit scale of the Federal Reserve and commercial banks could reach $15.2 trillion. Based on the Bitcoin price increase during the COVID-19 pandemic, he projected that the theoretical peak price of Bitcoin could reach $3.4 million by 2028.