

Arthur Hayes on Why Bitcoin Is Money and ETH Is a Shitcoin He Loves - Ep. 587
35 snips Dec 29, 2023
Arthur Hayes, CIO of Maelstrom and former BitMEX CEO, shares his confident outlook on crypto's future, predicting a potential bull run in 2024 amid renewed central bank money printing. He discusses the unique resilience of blockchain post-FTX, why Bitcoin stands as true money while deeming Ethereum a 'shitcoin,' and the impact of spot Bitcoin ETFs. The conversation dives into the evolving landscape of decentralized finance and the cultural significance of meme coins, emphasizing investment strategies for a transformative financial environment.
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Crypto Bull Run Prediction
- Arthur Hayes predicts a crypto bull run, driven by central bank money printing and a shift away from traditional finance.
- He views Bitcoin as an escape hatch from traditional finance and a store of value.
Bitcoin ETF vs. Bitcoin
- Consider your goals before buying Bitcoin: trading for fiat or storing value outside the system.
- Buy Bitcoin directly and self-custody it for true financial freedom.
FTX Debacle: A Test for Crypto
- The FTX collapse validated the resilience of the decentralized crypto ecosystem.
- Crypto survived without bailouts, proving its robustness.