meta_pixel
Tapesearch Logo
Log in
Unchained

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

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 29 December 2023

⏱️ 63 minutes

🧾️ Download transcript

Summary

Take the Unchained 2023 survey! Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. 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! Arbitrum Foundation Uniswap Popcorn Network Guest Arthur Hayes, CIO of Maelstrom. Previous appearances on Unchained: Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH  Arthur Hayes of Bitmex on Why Countries Will Turn to Digital The Chopping Block: Arthur Hayes on Why Crypto Needs to Ditch the Banks How Crypto and Blockchain Technology Could Change Financial Services Links Macroeconomics CoinDesk: The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes Bad Gurl by Arthur Hayes The Periphery by Arthur Hayes Arthur Hayes’ tweet: “the U.S. banking crisis is back” Bitcoin ETFs and markets Forbes’ Billy Bambrough on Arthur Hayes’ hot ETF take - “If ETFs managed by TradFi asset managers are too successful, they will completely destroy Bitcoin.” Blockworks: Institutional custody of bitcoin could kill it, cautions Hayes Arthur’s tweet on cash or in-kind Bitcoin ETFs Unchained: Why the SEC May Want Cash Creation of Spot Bitcoin ETFs Arthur’s meme on BlackRock  SBF and FTX White Boy by Arthur Hayes White Man by Arthur Hayes New York Magazine: The Original King of Crypto Is Back Arthur Hayes rubbed success in the Feds’ face and got busted. Now he’s returning to a shell-shocked industry. CZ and Binance Panda Power by Arthur Hayes Unchained:  How Binance Will Open All Its Activity to the U.S. Government Binance to Pay $4.3B Penalty to Resolve U.S. DOJ Criminal Investigation; Changpeng Zhao Resigns, Pleads Guilty to Money Laundering Charges For more detail and links visit Unchained! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

I think that this is sort of,

0:01.4

2024 is going to set up to be the choppy period

0:04.8

where it's time to accumulate before you get the blow off top

0:07.7

in 2025 and 2027.

0:10.1

Hi everyone. Welcome to Unchained, you're a no high resource for all things

0:17.2

crypto. I'm your host Laura Shin, author of The Cryptopians. I started covering crypto years ago,

0:23.8

and as a senior editor of Forbes

0:25.4

was the first Maintree Meter reporter

0:27.0

to cover Crypticunsee full-time.

0:29.1

This is the December 29th, 2023 episode of Unchained.

0:33.7

If you like the Unchained Podcast, get more interviews with up-and-coming projects or inside scoops

0:38.4

on the news that don't quite make it to the main show by standing up for our premium subscription. You'll also receive transcripts of the Tuesday episodes

0:46.3

and access to a subscriber-only chat group. To sign up go to unchain crypto.suback.com and click on premium.

0:55.0

Spark your creativity with The Sims.

0:58.0

Sometimes you might feel like you're not creative

1:01.0

and you have to go in search of your creative spark again.

1:03.7

Maybe this is catching up with creative friends, experimenting with a new look, or trying

1:08.8

out a new recipe. And thanks to the Sims, inspiration is just one game and one spark away.

1:15.4

Ready to spark something, download The Sims 4 and play for free.

1:25.0

This episode is brought to you by Uniswap. From their self-custodied wallet to zero gas swaps,

1:28.0

Uniswap is building products for safe and seamless swapping across Defi.

1:32.8

Visit app.unaswop.org to get started.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.