Why New Stealth QE Will Trigger The Biggest Digital Assets Boom Yet w/Maelstrom CIO Arthur Hayes Arthur Hayes joins us for a session to understand the underlying economic forces leading to a massive digital assets bull market in the coming months and years. The money printer is about to... flip back on and Arthur Hayes says the Euro/Yen exchange rate is the tell everyone's missing. He gets into why Japan's forced unwinding of its massive carry trade, combined with France's brewing bond market crisis, all but guarantees a faster pace of dollar liquidity creation. He also makes the case that AI's unit economics problem becomes the government's next excuse to print more fueling the fiat debasement thesis further. He explains his positioning in the market and reveals why Ethereum ethereum:native is Maelstrom's largest position heading into this cycle. Timestamps: 00:00 Intro 01:57 Fed Chair Warsh Is Irrelevant 04:03 Japan's GPIF Asset Shift 09:34 Japan's National Carry Trade 12:24 Exiting The Restrictive Regime 14:51 The AI Bailout Trade 17:59 Gold And Bitcoin Vs Tech 20:57 Misallocated Capital Flows To Crypto 23:53 Who Controls The Narrative 28:52 Crypto Timeline To New Highs 32:24 Euro/Yen As Leading Indicator 35:38 France's Bond Market Crisis 39:11 Positioning The Barbell Portfolio Full episode links below.show more

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@MaelstromFund @CryptoHayes Fuck these boys are retarded. You’ve been podcasting for years and you’re still thick as shit.

@MaelstromFund @CryptoHayes who’s got more ETH @CryptoHayes or @fundstrat ??? 👀

@MaelstromFund @CryptoHayes The liquidity thesis is compelling, but the real test will be whether new money reaches productive on-chain activity or just chases narratives.

@MaelstromFund @CryptoHayes yes i agree him

@MaelstromFund @CryptoHayes ETH being Maelstrom's largest position caught my eye. Hayes is making a broad liquidity case, but that allocation adds a specific bet on where the money goes.

@CryptoHayes @MaelstromFund eth is the play this cycle.

@MaelstromFund @CryptoHayes The QE thesis matters less than the mechanism: which flows actually reach risk assets, and on what timeline? Define the transmission path and invalidation before sizing around a macro narrative.

@MaelstromFund @CryptoHayes Keep it up boys ! Super helpful for new participants in the markets .

@MaelstromFund @CryptoHayes arthur seeing the ai bailout narrative makes too much sense now

@MaelstromFund @CryptoHayes the AI unit economics angle is the most overlooked part of the print thesis for sure

@MaelstromFund @CryptoHayes hayes has been banging this drum since the BTFP print, but the repo spike and treasury buyback cadence finally give it teeth. watching the 10y minus 3m spread flip back positive before q3, that's the real signal. you buying the dip or

@CryptoHayes @MaelstromFund “Stealth QE” might be the most crypto-native way possible to say the liquidity cycle is about to get interesting. 😂

@MaelstromFund @CryptoHayes Macro fanfic is free; the tape still has to eat the $80–82k cost pile first. Stealth QE is a thesis, not a breakout button.