Arthur Hayes on Why Bitcoin Is Money and ETH Is a Shitcoin He Loves - Ep. 587
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- Опубліковано 6 чер 2024
- Arthur Hayes, Chief Investment Officer of Maelstrom, delves into the anticipated bull run in crypto, the potential collapse of the traditional financial system, and his unique take on Bitcoin, Ethereum, shitcoins, and more.
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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
Thank you to our sponsors!
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Guest
⭐️Arthur Hayes, CIO of Maelstrom.
_______________________________________________________
Time Stamps:
00:00 Introduction
01:56 The debasement of fiat currencies
06:31 The collapse of the current financial system?
11:35 The impact of AI in society
14:19 Spot Bitcoin ETFs
18:43 The fallout of FTX and Sam Bankman-Fried
21:11 The DCG crisis
22:50 Arthur is bullish on ETH
29:40 Memecoins, Ordinals, and BRC-20s
32:40 Stablecoins
36:47 How AI will use crypto
41:16 Crypto adoption in Asia
44:28 Maelstrom’s investment thesis
48:05 Arthur’s meditation and health practices
50:51 Weekly Crypto Recap
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
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Artur is one of the brightest minds in crypto
Yup and he knows 'crypto' is crap and bitcoin is the only thing worth holding long term as an asset.
@@michael2275 He literally said he is an ETH maxi
Yup he realized crypto is a scam. Bitcoin is the only non scam
@@Brian-vk1hm Lol most other cryptos are literal just copied and pasted from the bitcoin codebase so it's ludicrous to call them all scams but not Bitcoin.
@@Brian-vk1hm Nowhere in the video did he say that. He loves crypto, especially Ethereum. To him, it's utility, decentralized computer, and a commodity that does something useful. Bitcoin on the other hand, is just an investment that allows you to trade back to fiat later on for gains. That's what he meant by "money". Outside of that, Bitcoin is useless.
He was pretty open about that in the video. He just wants to make money. The "shitcoin" part in the title was him joking about his love for crypto.
Arthur is great, thanks for having him on!
arthur always makes a great guest, good insights and lots of lols
Good job as always Laura. HNY.
My favorite Club bouncer-looking Smart Crypto Billionaire is back! 💯
Love the title of this podcast one of the best ones I’ve seen from you
Let's get to the money in 2024.
Good and insightful guest 👍🏼
>Great content as always. Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumping and why the future outlook will be even rosier than it seems. It's kinder irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peaks of BTC. More emphasis should be put into day trading as it is ^less affected by the unpredictable nature of the market. I have made over 13 btc from day trading with Kristin Stones insights and signals. this is one of the best medium to backup your assets incase it goes bearish...
I am grateful for the opportunity to learn from such a distinguished professional. Thank you Kristine Stones....
Kristine Stone guidance has not only contributed to my skill development as a trader but has also instilled a sense of confidence in navigating the ever-changing market landscape.
Thanks to her insightful and forward-thinking market research, she is a trusted resource for traders trying to stay ahead in the hectic world of finance....
Please educate me, I've come across this before. How can I get to her please?
she's mostly on Telegrams, using the user name.
....
Arthur never disappoints
arthur pushes whatever narrative hes trying to make money on in the moment
Eth is a shitcoin
i wanted to believe this and write him off but have many many macro professionals cross checking his liquidity forecasts against their own and he has been dead on balls accurate. his btc outlook is one thing you gotta separate from his shitcoin antics
yeh u cant look at this dude one-dimensionally, that being said I'd never follow his trades LOL@@goldmantracks
Exactly! -Every Arthur interview revolves around his positions at that particular time.
Eth is for ppl who think they know stuff but are actually quite clueless so they just believe watever a nerdy lookin russian computer geek says.
This was LitLikeACivic!
Presale magic at its finest - Staxum STX is the one to watch.
Asking who Arthur is, says more about the person asking the question. Great conversation Laura and by far the best way to close the year.
I'm surprised he's able to talk and influence crypto while still being on probation. Still the only one big one who got away with just a slap on the wrist.
@@HSukePup he pleaded guilty for violating the bank secrecy act which isn’t a felony and doesn’t mean he was committing money laundering, his business was not primarily in the United States as well
@@format27 Same as CZ and Binance, and they got hit harder. Government is going overboard with punishments lately.
Government wanted the information of people using bitmex. KYC. He was protecting people at a financial and legal cost
To be honest, I really love post-ankle bracelet/post-mex Arthur.
Presales are where I find my winners, and Staxum STX is on my radar for a jaw-dropping 200x potential
Not a shill, but that Times Square announcement was hard to ignore. Staxum will be big!
Tether is doing exactly what the Federal Reserve does: it buys assets with printed money (USDT). Right? When you sell Bitcoin for USDT that is a repo operation: Tether is lending you printed money (USDT) for your Bitcoin and that Bitcoin goes on its "Balance Sheet".
Is crypto parallel to fractional reserve banking ?
Free my boy!
Arthur is such a marketer 😂
love that he is direct that he pamp and damp sol literally no fucks given you love to see it
i wonder if he's playing chess and would be dumping by 2024
Laura maintaining her composure and fighting her urge to reign in Arthur’s language was the 2nd best part. The best part being Arthur speaking.
We already saw the huge green, one hour candle at 1am EST upon the fake ETF approval announcement. What's going to happen if that situation goes on for 8 hours before the markets open? Grayscale is already online ready to go, with an 8% Bitcoin discount. What are people going to FOMO into on day 0 when all the other ETFs have to ramp up? How big is that green Grayscale candle going to be?
Great interview, thanks. Why the vocal fry?
Just stumbled upon Staxum after some deep research. The Times Square announcement caught my attention - anyone else intrigued by this project?
Love BTC the most, but it is time to put some into presales. Staxum is the next big thing.
Arthor would have a lot different view on USD and money if he deep dived the offshore dollar system.
Staxum, easy 50-200x in next few months
It’s clear he has no idea how AI works. It’s not a separate organism. At least not yet.
Correct
😂 you clearly don't know how AI works😂
He’s talking about how AI neural network will get so advanced that it will replicate as if it’s a organism of some sort. We are not there yet but it’s going to happen eventually.
What if SBF wrote an essay about AH titled Black boy. Hmm wonder 🤔 how that might go?
Arthur - stole my funds back in the day - Hayes!
Apart from his swearing, Arthur is super articulate.
We love it when he sware
😍
BTC will continue to gain adoption en mass over the next decade. I’m also very bullish on Filecoin as the ultimate protocol for data storag, poised to displace Google, Amazon and Microsoft in this space. I suggest simply keep stacking into BTC and also FIL for long term and consistent gains over time. At some point the masses will catch on to the need for decentralised money and the exponential demand for decentralised data storage..
The masses have no money to invest. It’s the rich that must want BTC now. Billions are needed now. The shit coins will out preform.
Not sure I agree 100% with Arthur's AI analysis. If your AI program is able to 1) realise it needs energy 2) 'cares' about its network - you've got problems beyond currency.
people are way over complicating this /// being 100% in BTC - is like being a 100% in cash but your on the other side ... through the Looking Glass and out of the the old system which is the current hamster wheel / tread mill - Tradfi is really Treadfi ....
59
Arthur has played more games with the market than SBF ever did...let that sink in. Fact.
Why compare him to SBF? He wasn’t stealing customer funds and gambling
@@format27 what about their internal trading desk and large markouts that would occur on bitmex? there is certainly some questionable market microstructure that arose from bitmex and maybe that was just function of immature market but possibly sign of their misconduct. indictment also sheds a light on this, also offering this quanto product to retail with 100x leverage just doesn’t sit well with me but look gambling is totally fine usecase.
@@format27 Yeah BitMEX has had nothing to do with market manipulation....cough..cough... Wonder who the CEO was then ....cough cough
He's using quite a lot of the F word for someone that's meditating
He’s playing a character; doesn’t want people to think of him as a private school then Wharton kid.
Just have to ignore it. He has a lot of good info about BTC.
Fuckin A right
look at the previous cycles bro, every 80th week after halving time to get out
Arthur please grow a beard!!
If you love ETH, then you would probably love Cardano if it's actually about the tech and ethos for you.
16:00 😂 For someone who interviews people on a cryoto podcast regularly, it’s pretty bizarre she doesn’t know not to ask someone about their bitcoin custody setup. Rofl
It’s not that I didn’t know! I realized it as I was asking
Arthur is a very smart guy! And bang on too. Eth is a total shitcoin and Vitalik WILL go to prison
Arthur is a financial goon 😂 but a legend and genius!
All these Maxis that say Lightning will fix Bitcoin are deceiving themselves: Lightning is not Bitcoin. Bitcoin itself is obsolete and thus needs all this add on junk to be usable.
The only one needing to take the pain is SBF. Justice should be done. We a system where no one can get away with OPM. His parents assets need to be sold, bought politicians need to give back the stolen money. SBF should own nothing. Investors should get their crypto, not the cash equivalent of when they invested. People trusted FTX with Bitcoin and it is Bitcoin they should receive back, not skim off the profits and return the initial investment. Investors crypto should be inaccessible to the administrators.
Bitcoin for decentralised global money and Filecoin for decentralised global data storage. Both vital for humanity
Arthur and Laura would make a very cute couple 😀
Eth to 5000 Next year..
Yes. If not soon then 4th quarter
Not here to shill, but the Times Square ad for Staxum made me Google it.
To say Solana only has copy pasted Ethereum stuff is hilarious. Send it higher.
She wrote a book on eth and won’t acknowledge the disguised whales or ICO…. Blinders on and repeat the narrative! Brutal 🤦♂️
In the world of presales, Staxum STX stands out. Brace yourselves for a possible 200x journey!
😂😂 That you think Arthur holds his Bitcoin on an exchange. Please tell me you understand Bitcoin after all these years?
He lost cash in the last run, he's just trying to recover ...
1. In the past, many experts used their expertise to explain how sound banks are. However, how many banks have failed in the past few years? When these results appear, experts will suddenly appear and talk about their super theories. Some experts will even say that they have actually predicted what will happen a long time ago... These are all results.
2. Certain experts continue to tell the public their predictions, and as long as a few of the predictions come true, they are experts.
3. Do those experts know that their predictions will cause market volatility?😏 Will they apologize when their predictions don't come true?😏
#expert
#Responsible
#If you speak seriously, you will be trusted
😂 Charles Darwin was clearly and idiot in the end😂🎉😂
A man worth 500 million laughing about pumping and dumping.
Chainlink is a shit coin I love
Poor Ms. Shin has to put up with Bigshot Pottymouth; gross
ICP does everything ETH does cheaper, faster, and more efficiently
lol
So? Only the network effect matters
Pump and dump😊
Where did you dig Tyrone up at?
Well Biff, they probably got him from that location were all the people who've made hundreds of millions in crypto live.
bro just sold a bunch of tokens at a $5M loss, used to think he was smart but clearly not LMAOOOO
If I sell stocks at a $3,000 loss it's to take the rest of my money and put it somewhere else. Broken lose 5 million and not be bent about it then he's fine
I fail to see how eth continues to dominate given its fees.
It's not like u going to be trading 250 usd in memes , in and out profitable with it.
It can continue to do what it does with high fees for the people that want to be in that environment and other chains like Solana or avalanche can do meme coins
@@MrPsymon808 That's how they make all of their money is on fees. That is the business model. The fees are a percentage of the value so if somebody buys in with $100,000 and that becomes 100 million they're now paying fees on 100 million you need to read a book
AVAX has most of the market in Cefi, KkR, JPMORGAN, more..and those that are not announced yet. It should be obvious that Eth is not adequate for the big tradfi shops.
the users punting 250 usd on memecoins are not the users Ethereum L1 is for and the fees are determined by a open, free market. Only thing that makes the entire industry investable is lindy and economic security driving value for native base assets nothing else matters.
Conman
Very shitcoiny
This dude Arthur weird and he need to use Vaseline on them lips lol
Weird genius
BTC is going to Z E R O
Well we agree that ETH is crap as a long term asset to hold. Only bitcoin for me.
ETH >> BTC, IMHO
@@binkydamauler You are sadly mistaken sir. BTC is money. Few in ETH understand money. Arthur gets it.
@@michael2275 BTC is more like memecoin or gold it doesnt generate value, ethereum does.
How could a 70% premined coin possibly be better than btc? Lol
Did you even watch the video? Arthur loves ETH. His view is that Bitcoin is money that doesn't do anything useful while ETH is the decentralized computer that does the useful stuff. If you care about tech, support Ethereum; if you only want to see money go up and trade back to fiat, get Bitcoin. Title is mostly clickbait.
This is dumb: ”Bitcoin is energy”. No it is not! Bitcoin has an insane consensus algorithm that wastes a lot of energy.
And the energy is not used to solve a cryptographic proof.
The energy use is a design to create a cost to be in the set of validators that can produce a block.
The validators spend all that energy to guess a number and when the guess is correct, the validator gets a reward and get to add that block.
I don’t like pow, i think it’s a ridiculously slow and wasteful algorithm. The engineer in me is appalled by it.
and the engineer in you will be poor by it
Super naive.
Why use the F word for each sentence. I don't get it. Ok we got you made it, but chill man...
Why make fuck you money if you can’t say fuck you?
@@beerkegaard I love Laura Shin , she has nocoins.
I also want to buy nocoins.
Nocoin to the Moon 🚀🚀🚀
@@beerkegaardTHIS!
Who gives a fuck. Did you not like the movie wolf of wall st. Grow up
O m g ... Don't be such a snow flake. Maybe cut your TV on and see more F bombs? Get over yourself. Quit letting the little things destroy your life.
Future is bitcoin not 'crypto'. Rest of 'crypto' is all replaceable/interchangeable except bitcoin therefore little value will accrue to the rest and many will come and go.
the future is Kaspa
Crypto is the future.
All services that can be on chain will be on chain.
Place your bets 🎲🃏🪙
How is bitcoin any different what sets it apart?
@@adriandelreal9126 it's different by his developers don't hold 90% of the supply and dump it on the investors
@@adriandelreal9126 network effect. A store of value. It's not for daily use or trade. That's what makes it different. All others will come and go. Top 10 list always changes every 5 years..
BTC is more like memecoin or gold it doesnt generate value, ethereum does.
Wrong shitcoiner
You aren't very bright
39:33 Laura is such a $hitcoiner...sad. Seems like Asians really don't get bitcoin vs. the rest.
Arthur investment in Etherfi is gonna make me rich
New Year’s Resolution. Bitcoin & Litecoin halving supply shock effect coming down the track..🌨️….⛷️
Last ‘round of halvings’ signalled the beginnings of the 2019 - 2021 price surge!" Bitcoin & Litecoin top 2 for payments 🛒 🏃♀️
Not a shill, but that Times Square announcement was hard to ignore. Staxum will be big!
Love BTC the most, but it is time to put some into presales. Staxum is the next big thing.
Staxum, easy 50-200x in next few months
Just stumbled upon Staxum after some deep research. The Times Square announcement caught my attention - anyone else intrigued by this project?