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As 2023 nears its end, the crypto community is abuzz with speculation: will the relentless crypto winter give way in 2024? Crypto OG Arthur Hayes is confident that crypto is on an upswing. According to Hayes, these market cycles are historically recurrent, indicating a potential bull run in the near future.
In this episode, Hayes offers his insights on a range of compelling topics, from what he believes will be a resurgence of central bank money printing between 2024 and 2027 to the effect spot Bitcoin ETFs will have on crypto markets.
He also shares his views on the post-FTX blockchain landscape, the dynamics of Ethereum and memecoins, and why he thinks Tether won’t last.
Show highlights:
Why Arthur believes that central banks across the globe might resort to printing money again between 2024 and 2027
Why he's anticipating a bull run in the crypto market within the next year
Whether the financial system established post-World War II is on the verge of a breakdown
What Arthur recommends investors should do in the event of a spot Bitcoin ETF launch
Why he is confident that the launch of a Bitcoin ETF won't immediately lead to a massive surge in prices
How, according to Arthur, the collapse of FTX actually validated the resilience of the blockchain ecosystem
Whether the DCG crisis is likely to have a far-reaching impact on the crypto industry
Why Arthur maintains a bullish stance on ETH and the Ethereum ecosystem, despite labeling it a “shitcoin”
Whether he sees the use of the Bitcoin blockchain for trading memecoins (BRC-20s) as problematic
Why Arthur thinks Tether's dominance will be challenged with the entry of major U.S. banks into the stablecoin market
Why he firmly believes that AI systems will favor Bitcoin over traditional forms of money
Why, in Arthur's view, China may not aim to become the issuer of the global reserve currency
The investment strategy of Arthur’s family office, Maelstrom
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Guest
Arthur Hayes, CIO of Maelstrom.
Previous appearances on Unchained:
Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH
Arthur Hayes of Bitmex on Why Countries Will Turn to Digital
The Chopping Block: Arthur Hayes on Why Crypto Needs to Ditch the Banks
How Crypto and Blockchain Technology Could Change Financial Services
Links
Macroeconomics
CoinDesk: The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes
Bad Gurl by Arthur Hayes
The Periphery by Arthur Hayes
Arthur Hayes’ tweet: “the U.S. banking crisis is back”
Bitcoin ETFs and markets
Forbes’ Billy Bambrough on Arthur Hayes’ hot ETF take - “If ETFs managed by TradFi asset managers are too successful, they will completely destroy Bitcoin.”
Blockworks: Institutional custody of bitcoin could kill it, cautions Hayes
Arthur’s tweet on cash or in-kind Bitcoin ETFs
Unchained: Why the SEC May Want Cash Creation of Spot Bitcoin ETFs
Arthur’s meme on BlackRock
SBF and FTX
White Boy by Arthur Hayes
White Man by Arthur Hayes
New York Magazine: The Original King of Crypto Is Back Arthur Hayes rubbed success in the Feds’ face and got busted. Now he’s returning to a shell-shocked industry.
CZ and Binance
Panda Power by Arthur Hayes
Unchained:
How Binance Will Open All Its Activity to the U.S. Government
Binance to Pay $4.3B Penalty to Resolve U.S. DOJ Criminal Investigation; Changpeng Zhao Resigns, Pleads Guilty to Money Laundering Charges
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