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Arthur Hayes: Most Tokens Fall Because Projects Pocket Protocol Revenue On May 23, 2026, BitMEX co-founder Arthur Hayes Arthur Hayes stated on the What Bitcoin Did podcast that most crypto projects fail to return the economic value created at the protocol level to token holders. He believes early venture...

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14,152 görüntüleme • 3 ay önce •via X (Twitter)

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Revenue and buybacks: fundamentals or just another crypto meme that creates mindshare but doesn't ensure outperformance As Arthur Hayes puts it, most protocols either have no product market fit or generate no cash flow. And the few that do still fail to reward token holders. Projects like Ethena Labs and ether.fi have real users, real revenue, and real value returned - that makes them worthy of investing in! Podcast out this week Maelstrom
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Revenue and buybacks: fundamentals or just another crypto meme that creates mindshare but doesn't ensure outperformance As Arthur Hayes puts it, most protocols either have no product market fit or generate no cash flow. And the few that do still fail to reward token holders. Projects like Ethena Labs and ether.fi have real users, real revenue, and real value returned - that makes them worthy of investing in! Podcast out this week Maelstrom

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Arthur Hayes: Why Bitcoin is not going up? (ARCHIVE FOOTAGE) On June 26, 2026, Arthur Hayes Arthur Hayes stated in an interview with Bonnie Blockchain that Bitcoin has failed to rally despite money printing because AI capital expenditures have absorbed the market's marginal capital. He believes investors are chasing AI tech stocks and supply chains, while newly wealthy individuals from the AI boom prioritize buying hard assets or diversifying into NASDAQ stocks rather than investing in the crypto market. Furthermore, Arthur Hayes believed that if AI stocks crash, cryptocurrencies will initially plunge in tandem. Due to their 24/7 liquidity, investors will be forced to sell crypto to generate cash during margin calls before the market eventually stabilizes and sorts out the relative winners.
2:10

Arthur Hayes: Why Bitcoin is not going up? (ARCHIVE FOOTAGE) On June 26, 2026, Arthur Hayes Arthur Hayes stated in an interview with Bonnie Blockchain that Bitcoin has failed to rally despite money printing because AI capital expenditures have absorbed the market's marginal capital. He believes investors are chasing AI tech stocks and supply chains, while newly wealthy individuals from the AI boom prioritize buying hard assets or diversifying into NASDAQ stocks rather than investing in the crypto market. Furthermore, Arthur Hayes believed that if AI stocks crash, cryptocurrencies will initially plunge in tandem. Due to their 24/7 liquidity, investors will be forced to sell crypto to generate cash during margin calls before the market eventually stabilizes and sorts out the relative winners.

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Arthur Hayes: Why Did BitMEX Choose to End Its Operations? On August 22, 2026, BitMEX co-founder Arthur Hayes said in an interview that BitMEX’s decision to cease operations was not due to a hack or regulatory pressure, but rather a decision made voluntarily by the team. He revealed that after discussions among the three founders, they concluded that the company was no longer profitable and was instead continuing to consume resources, leading them to decide to shut down operations. Arthur Hayes stated that BitMEX’s ownership had remained unchanged throughout its 13-year history, and the board ultimately reached a unanimous decision to end the business, with the team choosing to leave on their own terms.
1:03

Arthur Hayes: Why Did BitMEX Choose to End Its Operations? On August 22, 2026, BitMEX co-founder Arthur Hayes said in an interview that BitMEX’s decision to cease operations was not due to a hack or regulatory pressure, but rather a decision made voluntarily by the team. He revealed that after discussions among the three founders, they concluded that the company was no longer profitable and was instead continuing to consume resources, leading them to decide to shut down operations. Arthur Hayes stated that BitMEX’s ownership had remained unchanged throughout its 13-year history, and the board ultimately reached a unanimous decision to end the business, with the team choosing to leave on their own terms.

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Arthur Hayes: DeFi Needing Regulatory Approval Signals Decentralization Has Failed On June 23, 2026, BitMEX Co-founder Arthur Hayes Arthur Hayes stated in an interview with the New Era Finance podcast that if the development of DeFi needs a US regulator to pass an act like the Clarity Act, the mission of building decentralized systems has failed. Addressing the narrative of institutional capital entering the space, Hayes stated that traders and Wall Street institutions do not care about regulations; as long as there is money to be made, they will always find a way to trade and satisfy compliance. He added that the true value of crypto lies in building an alternate financial system for 8 billion people globally. He concluded that investors waiting for regulatory approval as a prerequisite should simply trade stocks instead.
1:24

Arthur Hayes: DeFi Needing Regulatory Approval Signals Decentralization Has Failed On June 23, 2026, BitMEX Co-founder Arthur Hayes Arthur Hayes stated in an interview with the New Era Finance podcast that if the development of DeFi needs a US regulator to pass an act like the Clarity Act, the mission of building decentralized systems has failed. Addressing the narrative of institutional capital entering the space, Hayes stated that traders and Wall Street institutions do not care about regulations; as long as there is money to be made, they will always find a way to trade and satisfy compliance. He added that the true value of crypto lies in building an alternate financial system for 8 billion people globally. He concluded that investors waiting for regulatory approval as a prerequisite should simply trade stocks instead.

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Arthur Hayes: The AI bubble may pop in 2028(ARCHIVE FOOTAGE) On June 26, 2026, BitMEX co-founder Arthur Hayes Arthur Hayes stated in an interview with Bonnie Blockchain that the prime date for the AI bubble to pop will be around 2028. He believes that the market is currently underwriting GPUs with a two-year useful life using a six-year depreciation schedule, and this wave of debt accumulated since 2024 will face a crucible in about two and a half years. He stated that the underlying economics of building expensive Western data centers will completely evaporate due to competition from equally capable Chinese AI models that cost a tenth of the price, leading to a severe collision between capital costs and actual demand.
1:22

Arthur Hayes: The AI bubble may pop in 2028(ARCHIVE FOOTAGE) On June 26, 2026, BitMEX co-founder Arthur Hayes Arthur Hayes stated in an interview with Bonnie Blockchain that the prime date for the AI bubble to pop will be around 2028. He believes that the market is currently underwriting GPUs with a two-year useful life using a six-year depreciation schedule, and this wave of debt accumulated since 2024 will face a crucible in about two and a half years. He stated that the underlying economics of building expensive Western data centers will completely evaporate due to competition from equally capable Chinese AI models that cost a tenth of the price, leading to a severe collision between capital costs and actual demand.

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Arthur Hayes: Selling Altcoins Because the AI Trade is About to Peak On June 13, 2026, Arthur Hayes Arthur Hayes stated in an interview with Cointelegraph that he had liquidated his altcoin positions, including HYPE, NEAR, and Worldcoin. Reflecting on his previous macro forecasts, he mentioned that current fiat liquidity did not flow into Bitcoin, but was instead entirely absorbed by the AI sector. Hayes believes the AI narrative is currently facing three problems: the vexing price of energy, the risk of US policy reversals, and the liquidity drain from the mega IPOs of Anthropic and OpenAI. He expressed that it is not as if AI goes down 50%, people have capital to invest in Bitcoin; rather, Bitcoin would get "thrown out with the bathwater." Given these risks are present, he decided to exit.
2:18

Arthur Hayes: Selling Altcoins Because the AI Trade is About to Peak On June 13, 2026, Arthur Hayes Arthur Hayes stated in an interview with Cointelegraph that he had liquidated his altcoin positions, including HYPE, NEAR, and Worldcoin. Reflecting on his previous macro forecasts, he mentioned that current fiat liquidity did not flow into Bitcoin, but was instead entirely absorbed by the AI sector. Hayes believes the AI narrative is currently facing three problems: the vexing price of energy, the risk of US policy reversals, and the liquidity drain from the mega IPOs of Anthropic and OpenAI. He expressed that it is not as if AI goes down 50%, people have capital to invest in Bitcoin; rather, Bitcoin would get "thrown out with the bathwater." Given these risks are present, he decided to exit.

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Arthur Hayes: In the Era of Global Money Printing, Crypto Market Enters a Long-Term Bull Run BitMEX co-founder Arthur Hayes said in an interview with Coin Bureau on November 3 that politicians worldwide are pursuing "spend without tax hikes" policies, stimulating the economy through money printing and credit expansion. With global liquidity remaining high, he expects the current crypto bull run to continue until 2027–2028. Hayes noted that Bitcoin halving is having less impact, with liquidity and inflation being the main driving forces. He predicts a "blow-off top" and remains long-term bullish on Bitcoin. Source:
2:52

Arthur Hayes: In the Era of Global Money Printing, Crypto Market Enters a Long-Term Bull Run BitMEX co-founder Arthur Hayes said in an interview with Coin Bureau on November 3 that politicians worldwide are pursuing "spend without tax hikes" policies, stimulating the economy through money printing and credit expansion. With global liquidity remaining high, he expects the current crypto bull run to continue until 2027–2028. Hayes noted that Bitcoin halving is having less impact, with liquidity and inflation being the main driving forces. He predicts a "blow-off top" and remains long-term bullish on Bitcoin. Source:

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2:54

Delphi Digital Roundtable: Why Tokens and Equity Struggle to Coexist During a July 15 Delphi Digital roundtable, analyst Ceteris said that when tokens and equity coexist, token market caps should generally be smaller and market expectations more restrained, because most of a company's actual cash profits ultimately accrue to equity holders. The real problem, he argued, is that projects often exploit ambiguity between the two structures to push token valuations far above reasonable levels. Delphi Digital co-founder Yan Liberman added that tokens may still benefit when markets are strong, but the structure can quickly break down once the business deteriorates or shareholders seek an exit.

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Arthur Hayes: $15 Trillion in Credit Will Drive a $1 Million BTC On April 10, 2026, BitMEX founder Arthur Hayes Arthur Hayes spoke at Korea Blockchain Week, analyzing the potential money-printing trajectory of the Fed and the US Treasury. He expressed that due to fears of issuing long-term debt, the US government is utilizing the Genius Act and stablecoin regulations to find price-inelastic buyers for short-term Treasury bills. Hayes believes that if the government gains full control of monetary policy levers, it will lead to an estimated $15.2 trillion in credit expansion by 2028. He stated that this extreme macroeconomic easing will break the traditional four-year cycle and drive Bitcoin past the $1 million mark.
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Arthur Hayes: $15 Trillion in Credit Will Drive a $1 Million BTC On April 10, 2026, BitMEX founder Arthur Hayes Arthur Hayes spoke at Korea Blockchain Week, analyzing the potential money-printing trajectory of the Fed and the US Treasury. He expressed that due to fears of issuing long-term debt, the US government is utilizing the Genius Act and stablecoin regulations to find price-inelastic buyers for short-term Treasury bills. Hayes believes that if the government gains full control of monetary policy levers, it will lead to an estimated $15.2 trillion in credit expansion by 2028. He stated that this extreme macroeconomic easing will break the traditional four-year cycle and drive Bitcoin past the $1 million mark.

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US President Donald Trump no longer has the power to move Bitcoin’s price, according to Arthur Hayes, who calls him a “very entertaining politician.” #TRADESECRETS 00:00 - Intro 01:58 - Has your Bitcoin 2026 prediction changed? 04:05 - Trump is now irrelevant to the crypto market 07:30 - Anything that scares you about crypto? 08:50 - Where to for Hyperliquid from here? 15:35 - Will more crypto exchanges shut down after BitMEX? 16:30 - Arthur Hayes is now a CEO again 19:35 - How can investors get in on airdrops? 23:25 - Is 'billionaire status' still possible in crypto? 27:25 - Are the days of celebrity tokens over? 29:40 - Can Bitcoin hit $1 million by 2030?
30:12

US President Donald Trump no longer has the power to move Bitcoin’s price, according to Arthur Hayes, who calls him a “very entertaining politician.” #TRADESECRETS 00:00 - Intro 01:58 - Has your Bitcoin 2026 prediction changed? 04:05 - Trump is now irrelevant to the crypto market 07:30 - Anything that scares you about crypto? 08:50 - Where to for Hyperliquid from here? 15:35 - Will more crypto exchanges shut down after BitMEX? 16:30 - Arthur Hayes is now a CEO again 19:35 - How can investors get in on airdrops? 23:25 - Is 'billionaire status' still possible in crypto? 27:25 - Are the days of celebrity tokens over? 29:40 - Can Bitcoin hit $1 million by 2030?

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1:11

Arthur Hayes: Hyperliquid's success is hard to replicate, but the Perp DEX race remains undecided On November 3, in an interview on the Coin Bureau channel with host Guy, Arthur Hayes said that several up and coming Perp DEXs do have a chance to take market share from Hyperliquid, with success hinging on how well they execute market games such as token issuance and buybacks. He noted that Hyperliquid's rise from a few dollars to around $60 was a mini altseason in itself, yet no other project has replicated that success so far. Looking ahead 3–5 years, he expects Perp DEXs to siphon significant trading volume from CEXs. While he personally hopes Hyperliquid will be the ultimate winner, he added that it remains uncertain whether it can stay No. 1. Source：

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Early Bitcoin Core Developer: 99% of Digital Assets Will Eventually Go to Zero On July 28, 2026, early Bitcoin core developer Jeff Garzik Jeff Garzik stated on the Bitcoin Treasuries podcast that 99% of digital assets will inevitably go to zero. He believes that with zero creation costs enabling permissionless innovation, networks like Solana generate massive amounts of new tokens daily. Under the law of supply and demand, this near-infinite supply naturally leads to most tokens losing their value. Garzik stated that this zero-cost free competition is positive for the overall industry, as it provides an optimal testing ground for economic experiments, where the high-quality projects that survive the brutal elimination will ultimately benefit everyone.
2:21

Early Bitcoin Core Developer: 99% of Digital Assets Will Eventually Go to Zero On July 28, 2026, early Bitcoin core developer Jeff Garzik Jeff Garzik stated on the Bitcoin Treasuries podcast that 99% of digital assets will inevitably go to zero. He believes that with zero creation costs enabling permissionless innovation, networks like Solana generate massive amounts of new tokens daily. Under the law of supply and demand, this near-infinite supply naturally leads to most tokens losing their value. Garzik stated that this zero-cost free competition is positive for the overall industry, as it provides an optimal testing ground for economic experiments, where the high-quality projects that survive the brutal elimination will ultimately benefit everyone.

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Arthur Hayes predicts three major factors that could pop the AI bubble (ARCHIVE FOOTAGE) On June 26, 2026, Arthur Hayes Arthur Hayes, co-founder of BitMEX, shared in an interview with Bonnie Blockchain three core reasons that could lead to the burst of the current AI bubble. He believes that, first, soaring oil prices triggered by geopolitical conflicts will significantly drive up compute costs in the AI sector; second, the US government's politicized bans on frontier models expose foreign paying users to extreme risks of sudden service cut-offs; finally, out of fear of such disruptions, foreign users will pivot massively to Chinese open-source models, which cost only one-tenth of the US models. This trend will directly crush the high valuation foundation of US AI companies that rely on high fees and high profit margins.

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A big shout-out to Arthur Hayes on receiving a presidential pardon from Donald Trump — a remarkable chapter in the story of one of crypto’s most influential voices 🦅 As the Co-founder of BitMEX and now CIO at Maelstrom, Arthur has consistently championed decentralization and pushed the boundaries of crypto innovation ⚙️🌐 We had the opportunity to sit down with him prior to the pardon, thanks to our partners at 토큰포스트 - TokenPost Korea, South Korea’s leading crypto media outlet 🎙🇰🇷 It was a powerful conversation on leadership, vision, and the future of blockchain 🔎✨ Watch the clip below 🎥
1:01

A big shout-out to Arthur Hayes on receiving a presidential pardon from Donald Trump — a remarkable chapter in the story of one of crypto’s most influential voices 🦅 As the Co-founder of BitMEX and now CIO at Maelstrom, Arthur has consistently championed decentralization and pushed the boundaries of crypto innovation ⚙️🌐 We had the opportunity to sit down with him prior to the pardon, thanks to our partners at 토큰포스트 - TokenPost Korea, South Korea’s leading crypto media outlet 🎙🇰🇷 It was a powerful conversation on leadership, vision, and the future of blockchain 🔎✨ Watch the clip below 🎥

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[Robinhood’s on chain ecosystem is where Ansem sees asymmetric upside] “One of the things I’m most bullish on right now is Stonkbroker.” “70% of the conversion fee buys tokenized stocks and airdrops them to NFT holders.” “Robinhood wants to be the RWA chain, but they also support memes.” Ansem 🐂🀄️ pointed to Stonkbroker as one of his highest conviction on chain bets outside of $ANSEM. The protocol combines NFTs, tokens, and tokenized equities into a single flywheel. Every conversion between the token and NFT generates fees, with most of that revenue used to buy tokenized stocks and distribute them to active NFT holders. The bigger thesis sits above the product itself. Robinhood is openly building around both RWAs and meme culture. Projects that align with that direction have room to benefit as the ecosystem expands through its launchpad, DEX, and growing on chain infrastructure. For him, it’s an early ecosystem play backed by a builder with deep crypto experience and a market cap that still leaves meaningful upside.
1:21

[Robinhood’s on chain ecosystem is where Ansem sees asymmetric upside] “One of the things I’m most bullish on right now is Stonkbroker.” “70% of the conversion fee buys tokenized stocks and airdrops them to NFT holders.” “Robinhood wants to be the RWA chain, but they also support memes.” Ansem 🐂🀄️ pointed to Stonkbroker as one of his highest conviction on chain bets outside of $ANSEM. The protocol combines NFTs, tokens, and tokenized equities into a single flywheel. Every conversion between the token and NFT generates fees, with most of that revenue used to buy tokenized stocks and distribute them to active NFT holders. The bigger thesis sits above the product itself. Robinhood is openly building around both RWAs and meme culture. Projects that align with that direction have room to benefit as the ecosystem expands through its launchpad, DEX, and growing on chain infrastructure. For him, it’s an early ecosystem play backed by a builder with deep crypto experience and a market cap that still leaves meaningful upside.

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1:23:52

How to Figure Out Whether a Crypto Token Is Worth Its Trading Price In this episode, José Maria Macedo and Ari Paul discuss: 😱 How upcoming token unlocks are about to flood the market with higher supply than demand for a long while 👍👎 Whether VCs are extractive to token projects or not 🚀 How to design tokens for long-term growth Timestamps 🔹 00:00 Intro 🔹 01:58 Why upcoming token unlocks are creating market jitters 🔹 10:22 How the ratio of unrealized gains to market cap influences token price movements 🔹 12:22 How some token projects manipulate their reported circulating supply 🔹 20:24 Whether and how everyday investors can uncover the truth about token projects 🔹 23:37 What secondary market trading says about the potential impact of upcoming token unlocks 🔹 34:50 Why Jose believes that the current token launch strategy, despite its flaws, is still favored by insiders and unlikely to change soon 🔹 41:02 Why some projects favor decisions that are more likely to result in short-term gains over long-term success 🔹 46:36 Why Jose believes that simple time-based token unlocks often work better than complex metrics, and how projects can balance funding with realistic success metrics 🔹 53:04 Why Ari believes the SEC's investigations into VCs for acting as securities dealers might be justified, and how these practices resemble pump-and-dump schemes 🔹 59:11 With numerous token unlocks looming, why the outlook is bearish for many projects, and what challenges they face in mitigating potential sell-offs 🔹 1:05:52 Why many crypto investors might end up holding the bag in the current cycle, despite plans to sell early and avoid losses 🔹 1:12:27 What the future role of VCs is in crypto, and how the influx of token unlocks and the rise of meme coins could shape the bull cycle

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180,501 görüntüleme • 2 yıl önce

Arthur Hayes (Arthur Hayes) is a crypto legend and the co-founder of the cryptocurrency exchange BitMEX. In this conversation we discuss bitcoin, global liquidity, macro environment, tariffs, US, China, UK, tokenization, yield, and where he thinks value will be created in the crypto industry. TIMESTAMPS: 0:00 - Intro 1:07 - Why is it time to buy everything? 7:34 - Tariff impact and trade deals 16:15 - Bitcoin’s role and price outlook 21:03 - Altcoin season is coming? 25:11 - EtherFi and Pendle 28:00 - What is Arthur’s best investment ever? 29:09 - Are bitcoin treasury companies sustainable? 35:18 - Stablecoin adoption 38:46 - Crypto exchange outlook 41:30 - Tokenized securities 43:55 - Thoughts on crypto yield 46:48 - Arthur’s current portfolio 49:12 - AI coins and other themes to pay attention to 53:16 - Crypto policy and regulation landscape 59:04 - Will we get celebrity coin season? 1:00:57 - Crypto impact on boomer wealth transfer
1:04:25

Arthur Hayes (Arthur Hayes) is a crypto legend and the co-founder of the cryptocurrency exchange BitMEX. In this conversation we discuss bitcoin, global liquidity, macro environment, tariffs, US, China, UK, tokenization, yield, and where he thinks value will be created in the crypto industry. TIMESTAMPS: 0:00 - Intro 1:07 - Why is it time to buy everything? 7:34 - Tariff impact and trade deals 16:15 - Bitcoin’s role and price outlook 21:03 - Altcoin season is coming? 25:11 - EtherFi and Pendle 28:00 - What is Arthur’s best investment ever? 29:09 - Are bitcoin treasury companies sustainable? 35:18 - Stablecoin adoption 38:46 - Crypto exchange outlook 41:30 - Tokenized securities 43:55 - Thoughts on crypto yield 46:48 - Arthur’s current portfolio 49:12 - AI coins and other themes to pay attention to 53:16 - Crypto policy and regulation landscape 59:04 - Will we get celebrity coin season? 1:00:57 - Crypto impact on boomer wealth transfer

Anthony Pompliano 🌪

134,909 görüntüleme • 1 yıl önce

"Because AI took all the money." Arthur Hayes (Arthur Hayes) is co-founder of BitMEX and one of the most-read macro writers in crypto. While everyone waited for the next leg up, he explained why the money stopped flowing into crypto and what brings it roaring back. "There's no cash to go to crypto. AI sucked it all up and it'll keep sucking it up until the bubble bursts." We cover: - Why ~$1.5 trillion of new money since ChatGPT went to AI instead of crypto, and what that did to Bitcoin - Oil, Iran, and the inventory-restocking shock he thinks the market is mispricing - Why he exits a trade the moment the asymmetry is gone, even one he's loved for months - What he hunts instead: maximum hate, minimum downside, room to run - Why he's "more concerned with capital preservation than capital accumulation" - The convexity philosophy: betting on 1% odds becoming 10%, not 50% becoming 75% - Why Bitcoin really stalled and why Saylor isn't the reason - Why he refuses to trade a four-year-cycle calendar - "The big print": the crisis he's staying liquid for, and why that one moment sets up two decades of returns Thanks to Arthur for coming on New Era Finance Podcast. Highlights: 00:00 - A Deal, Oil, And What Markets Are Pricing 08:00 - Why Crypto Got Left Behind 09:32 - "AI Took All The Money" 24:00 - When He Exits A Trade He Loves 30:00 - What He's Hunting Now 33:57 - The Convexity Philosophy 41:51 - Why Bitcoin Really Stalled 43:55 - Why He Won't Trade A Calendar 45:18 - The Opportunity Nobody's Ready For 46:12 - "The Big Print" And Staying Liquid
54:26

"Because AI took all the money." Arthur Hayes (Arthur Hayes) is co-founder of BitMEX and one of the most-read macro writers in crypto. While everyone waited for the next leg up, he explained why the money stopped flowing into crypto and what brings it roaring back. "There's no cash to go to crypto. AI sucked it all up and it'll keep sucking it up until the bubble bursts." We cover: - Why ~$1.5 trillion of new money since ChatGPT went to AI instead of crypto, and what that did to Bitcoin - Oil, Iran, and the inventory-restocking shock he thinks the market is mispricing - Why he exits a trade the moment the asymmetry is gone, even one he's loved for months - What he hunts instead: maximum hate, minimum downside, room to run - Why he's "more concerned with capital preservation than capital accumulation" - The convexity philosophy: betting on 1% odds becoming 10%, not 50% becoming 75% - Why Bitcoin really stalled and why Saylor isn't the reason - Why he refuses to trade a four-year-cycle calendar - "The big print": the crisis he's staying liquid for, and why that one moment sets up two decades of returns Thanks to Arthur for coming on New Era Finance Podcast. Highlights: 00:00 - A Deal, Oil, And What Markets Are Pricing 08:00 - Why Crypto Got Left Behind 09:32 - "AI Took All The Money" 24:00 - When He Exits A Trade He Loves 30:00 - What He's Hunting Now 33:57 - The Convexity Philosophy 41:51 - Why Bitcoin Really Stalled 43:55 - Why He Won't Trade A Calendar 45:18 - The Opportunity Nobody's Ready For 46:12 - "The Big Print" And Staying Liquid

Michaël van de Poppe

276,556 görüntüleme • 2 ay önce

"Because AI took all the money." I sat down with Arthur Hayes (Arthur Hayes), co-founder of BitMEX and one of the most-read macro voices in crypto, and asked him the thing everyone's actually thinking: the ETFs launched, the institutions arrived, the infrastructure got built so why is crypto going nowhere? His answer wasn't a price target. It was a plumbing problem. "There's no cash to go to crypto. AI sucked it all up and it'll keep sucking it up until the bubble bursts." He's not trying to fight that. He told me he's "more concerned with capital preservation than capital accumulation" right now, sitting liquid while everyone else forces trades into a market with no fuel. What he's waiting for is one thing. He calls it "the big print." What stuck with me: he's not watching the candles, he's watching the printer. The money didn't disappear, it got reallocated. His entire edge is refusing to chase the cycle and staying liquid for the one moment that resets it. Most people are trying to win every month. He's trying to be ready for the print that defines a decade. Full conversation on New Era Finance Podcast. Are you positioned for where the money goes next, or where it just was?
3:26

"Because AI took all the money." I sat down with Arthur Hayes (Arthur Hayes), co-founder of BitMEX and one of the most-read macro voices in crypto, and asked him the thing everyone's actually thinking: the ETFs launched, the institutions arrived, the infrastructure got built so why is crypto going nowhere? His answer wasn't a price target. It was a plumbing problem. "There's no cash to go to crypto. AI sucked it all up and it'll keep sucking it up until the bubble bursts." He's not trying to fight that. He told me he's "more concerned with capital preservation than capital accumulation" right now, sitting liquid while everyone else forces trades into a market with no fuel. What he's waiting for is one thing. He calls it "the big print." What stuck with me: he's not watching the candles, he's watching the printer. The money didn't disappear, it got reallocated. His entire edge is refusing to chase the cycle and staying liquid for the one moment that resets it. Most people are trying to win every month. He's trying to be ready for the print that defines a decade. Full conversation on New Era Finance Podcast. Are you positioned for where the money goes next, or where it just was?

Michaël van de Poppe

40,113 görüntüleme • 2 ay önce

Equity vs Token In 2022 the dual-capital raise structure (equity + token warrant) got standardized in crypto and in its consequence forever hardcoded venture funded tokens to drift to zero. Tokens are now deployed to speed run liquidity for investors and founders, and are a rescue string to pull for investors once the equity investment doesn't look bright. The dual-capital raise structure made tokens the inferior vehicle over the equity, and even though both are usually marketed to retail as the same thing, the value proposition differ immensely. We now see this trend reverse after years of I'm happy to release Street's research paper today alongside Ash : "Bifurcation of Equity and Token in Cryptocurrency Markets". Read here: Venture Capitalists usually try to hide this or not talk about it because it's an uncomfortable topic admitting that the tokens have no Information, Governance, Economic or Litigation Rights and the people buying it for more than $0 are literally just speculating on these rights existing at some point. From a fundamental perspective one could argue that the fair value of all these coins is 0 + the odds of the team ever giving the token holders rights. You can convert your already live token to easily without redeploying or changing code, if you are interested go to and we'll talk with you or shoot me a PM. We take 0bps fees & pay for all the legal fees. We work together with the best security lawyers and the same SEC litigation lawyers that represented Ripple in front of the SEC. Our international legal stack is with firms that are working with Goldman Sachs, JP Morgan Chase and every large bank in the US. Street & ERC-S stands for quality. It's time to be courageous and provide your token holders with actual value & not just a slop token that has nothing to do with your business.
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Equity vs Token In 2022 the dual-capital raise structure (equity + token warrant) got standardized in crypto and in its consequence forever hardcoded venture funded tokens to drift to zero. Tokens are now deployed to speed run liquidity for investors and founders, and are a rescue string to pull for investors once the equity investment doesn't look bright. The dual-capital raise structure made tokens the inferior vehicle over the equity, and even though both are usually marketed to retail as the same thing, the value proposition differ immensely. We now see this trend reverse after years of I'm happy to release Street's research paper today alongside Ash : "Bifurcation of Equity and Token in Cryptocurrency Markets". Read here: Venture Capitalists usually try to hide this or not talk about it because it's an uncomfortable topic admitting that the tokens have no Information, Governance, Economic or Litigation Rights and the people buying it for more than $0 are literally just speculating on these rights existing at some point. From a fundamental perspective one could argue that the fair value of all these coins is 0 + the odds of the team ever giving the token holders rights. You can convert your already live token to easily without redeploying or changing code, if you are interested go to and we'll talk with you or shoot me a PM. We take 0bps fees & pay for all the legal fees. We work together with the best security lawyers and the same SEC litigation lawyers that represented Ripple in front of the SEC. Our international legal stack is with firms that are working with Goldman Sachs, JP Morgan Chase and every large bank in the US. Street & ERC-S stands for quality. It's time to be courageous and provide your token holders with actual value & not just a slop token that has nothing to do with your business.

Lukas (miya)

29,857 görüntüleme • 9 ay önce