- BitMEX Founder Arthur Hayes predicts Bitcoin will be the only safe haven.
- The traditional banking system is expected to collapse.
- Financial experts advise holding assets with real value like Bitcoin (BTC).
BitMEX Founder Arthur Hayes predicts Bitcoin will be the only safe haven after the biggest money printing in history occurs. He says that this event will bring $9 trillion in new money to the market, leading to financial systems breaking down and propeling the price of BTC to $250,00 as it will be seen as the only real asset carrying real value. Hayes explains the 6 economic realities that will reshape the financial world as we know it.
BitMEX Founder Arthur Hayes Predicts Bitcoin as the Only Safe Haven
This interesting take on the world comes from an exclusive interview with BitMEX Founder Arthur Hayes. A post summarising the interview states that we are living in an age where central banks have painted themselves into a corner, and making things worse, the only escape there perpetrators see is in printing more money. This, the post implies, will be what will end the reign of traditional banking.
As the post above highlights, BitMEX Founder Arthur Hayes talks about the $9 trillion debt spiral trap, where Hayes reveals the mathematical certainty behind massive money printing. He says that unfortunate scenarios keep playing out due to economic physics. To specify, Hayes says that the debt system requires exponential growth, or it will head to a complete collapse entirely.
He Explains 6 Economic Realities Set to Reshape the World
Next, he talks about the foreign capital flight crisis, revealing the trigger mechanism. Hayes’ analysis shows that Asian countries are pulling capital from US markets. In detail, Taiwan, Korea, and Singapore are all repatriating dollars home. This, according to Hayes, will lead US markets to choose inflation over deflation and put pressure on the Fed. Ultimately, all these moves will lead to all traditional assets entering a death spiral.
The next point he raises is the currency war acceleration and asset hierarchy revolution, which he believes will lead to a crucial paradigm shift, the rise of Bitcoin and crypto assets. He concludes by saying that the smartest investors will put their funds in assets that cannot be manipulated and offer mathematical certainty. This signifies how cash and other traditional assets can face price manipulation, but crypto assets, and especially Bitcoin, cannot.
This line of thought is echoed by other financial experts as well. For instance, Robert Kiyosaki, author of Rich Dad, Poor Dad, talks about a ‘Greater Depression’ coming for the world. He expects the only way to survive this phase is to hold assets with real value, which are gold, silver, and Bitcoin (BTC). Thus, many financial experts have been advocating for Bitcoin and encouraging everyone to hold BTC.