Bankless Arthur Hayes: Money Printing & The Crypto Bet
114 snips
May 19, 2025 
Arthur Hayes, co-founder of BitMEX and Maelstrom, dives into the shifting landscape of macro finance and crypto. He discusses the surge of Ethereum and questions the sustainability of the U.S. as a global reserve. Hayes argues that capital controls might redefine economic structures, while he reveals his bold bets on Bitcoin and gold as liquidity pours into markets. The conversation also explores the potential disruptions from a dual monetary system and what it means for investors amidst evolving regulatory frameworks.
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ETH Revival Explained
- ETH price rallies because it's been heavily disliked lately.
- Most hated assets tend to rise fastest in a new cycle.
Bretton Woods & Gold Standard
- Bretton Woods established dollar backed by gold to rebuild post-WWII economies.
- This system collapsed in 1971 when US left gold standard due to large deficits.
Petrodollar Explained
- Petrodollar ties US dollar to oil sales via Saudi deal and US military protection.
- This made holding dollars necessary globally to buy oil and sustain modern economies.