In his latest essay, Arthur Hayes, a co-founder and CIO from Maelstrom, attracts a clear parallel between the growing economic imbalance of America and its unbalanced relationship from foreign capital-and argues that capital controls, not tariffs, are the only politically profitable solution to restore system balance. In what he calls the “boiling theory of frogs”, Hayes provides for a tardy, hidden imposition of financial restrictions on foreign investors, which will eventually accelerate Bitcoin growth to $ 1 million by 2028.

Entitled Fatty Fatty Boom Boom, essay It starts with a provocative metaphor: the disgusting America’s financial system is compared to the obesity crisis-theatology enabled with inexpensive processed cartridges and pharmaceutical bands that retain the ailing status quo. “The American economy was kidnapped by printed money,” writes Hayes, following the origin of American balance disorders back to the Federal Reserve in 1913 and a constant transition from natural business cycles to the system of endless stimulus.

Why capital control can lead Bitcoin to $ 1 million

According to Hayes, the tariffs are politically and structurally powerless. Even under Trump’s rule, their utilize will be diluted by bilateral carbings and geopolitical concessions, enabling countries such as Vietnam and Mexico to act as arbitration nodes. “Without one tariff for everyone will always be a country or countries that act as transsexual arbitration points,” he explains, noting that the same dynamics allows Chinese semiconductor restrictions through third -party intermediaries.

Instead, Hayes sees capital control – especially the taxation of foreign properties of American financial assets – as the only strategy with economic bite and political payment. It offers a 2% annual tax on foreign shares, bonds and real estate, with a total value of about $ 33 trillion. Such a fee may eliminate federal income taxes for the lowest 90% of Americans, which makes it a “winning political strategy” for Team Trump. “Or foreign capital, tax wages, and income is used to eliminate income taxes … or foreign capital leaves, and American production is growing,” Hayes argues.

But if the capital goes away, who replaces it? Hayes is blunt: the US will turn to the printing press. “Remember that the 4/4 kick drum, the Hayes BRRR button believes that the Fed, despite rhetorical resistance, already allows this stealing monetization by focusing on long tax bonds for QE.” Powell’s care is sitting difficult in the cucka chair and does not go out. Now the grease passes. “

He claims that the final effect of this capital exodus and the following monetary reaction will be the devaluation of American treasures in reality and the realocation of global capital with non -state, censorship resistant assets such as Bitcoin. In contrast to gold, which requires intermediaries in the digital field, Bitcoin is a native digital carrier resource, which can act outside the financial infrastructure controlled by the state. “Bitcoin is an ideal and only rescue boat for global capital that must leave America and elsewhere,” he says.

Hayes notes that even Trump’s administration seems ideologically adapted to bitcoins and gold, indicating the removal of tariffs for gold and regulatory de -escalation around Crypto. Since these assets are potentially increased to the reserve status, Bitcoin is able to absorb capital escaping from the denominated instruments of the dollar.

In its forecast, Hayes considers the migration of up to 10% of the portfolio of American foreign portfolio-3.3 trillion usd-bitcoin. At the current depth of the market, this would cause delivery shock far beyond the plain movement of 10 times. “If the amount of capital tried to push the amount of capital 10 times, it would lead to a much more than 10-time price increase,” he predicts, citing the inelastic supply and long-term owners of reluctance to sell. Result? Path of up to $ 1 million for Bitcoin for the presidential election in the USA in 2028.

Hayes also reveals that Maelstrom has undergone “maximally long” at the beginning of April financial confusion and is now changing into “high -quality altcoin”, which in his opinion offer real services and return profits for tokens owners. However, he warns against tactical variability, noting that Trump’s strategy is fluid and the opposition within the administration remains.

But for Hayes, the trajectory is clear. Capital control is no longer the theory of borders – they become inevitable politics. And Bitcoin, as he sums up, is the only asset that would benefit from Pax Americana’s financial fall.

In the BTC press it traded for USD 102,377.

A distinguished painting created from Dall.e, chart from tradingview.com