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Unchained

Arthur Hayes on Why Bitcoin Is Money and ETH Is a Shitcoin He Loves - Ep. 587

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.
01:03:15

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Arthur Hayes predicts a shift in the global economic and political order towards China, Japan, and Germany challenging the US-centric model after World War II.
  • Bitcoin ETFs may lead to initial price hype, but the overall flow of money into ETFs might not be as significant as expected.

Deep dives

The Shift in the Global Economic and Political System

Arthur Hayes believes that the post-World War II economic and political order, with the US at the top, is coming to an end. He sees a shift towards a new arrangement where China, Japan, and Germany challenge the US-centric model. He also highlights the growing recognition and adoption of cryptocurrencies like Bitcoin as an escape from the deflating traditional financial system.

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