Middle Class Is Wiped Out! - Arthur Hayes’ Warning On Money, Bitcoin, War, China & Economic Collapse PT 1

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 26 March 2024

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to another power-packed episode of Impact Theory, I’m Tom Bilyeu! In today’s episode, Arthur Hayes and I go deep into Bitcoin, war, and the impending economic collapse. Arthur Hayes is the unflinching co-founder of BitMEX and a pivotal figure in the crypto world, known for his controversial yet insightful perspectives. Through his studies and observations, Arthur Hayes has evolved into a thoughtful commentator on the dynamics of power in a world teetering on the brink of repeating the mistakes of its predecessors. We touch on: - Bitcoin and financial sovereignty - Risks associated with centralized financial systems - Government fiscal strategies and investor mindsets - Decentralization and asset utilization - Anticipating and accepting the role of volatility - The significance of understanding market mechanisms and narratives - The inflation and taxation vulnerabilities of conventional assets - The role of gold and digital currencies in the future economic landscape - Strategies for trading and investing in cryptocurrencies This is just Part 1 of our conversation, so make sure you don’t miss Part 2 of this convo for even more wisdom from Arthur Hayes. Follow Arthur Hayes: Substack: https://cryptohayes.substack.com/ X: https://twitter.com/CryptoHayes Instagram: https://www.instagram.com/arthur__hayes/ Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ X: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: https://dexa.ai/tombilyeu Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships SPONSORS: Visit https://betterHelp.com/IMPACTTHEORY today to get 10% off your first month. Sign up today at https://butcherbox.com/impact and use code impact to choose your free offer and get $20 off. If you purchase an item using these affiliate links, Impact Theory may receive a commission. Sign up for a one-dollar-per-month trial period at https://shopify.com/impact now to grow your business – no matter what stage you’re in. Go to https://zbiotics.com/IMPACT to get 15% off your first order when you use IMPACT at checkout If you want to take the next step in improving your health, go to https://go.lumen.me/impact and you’ll get $50 off your Lumen! Get an extended thirty-day free trial when you go to https://monarchmoney.com/IMPACT. Levels is offering Impact Theory listeners an additional 2 free months of the Levels annual Membership when you use my link, https://levels.link/IMPACTTHEORY Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. ***Are You Ready for EXTRA Impact?*** If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. *New episodes delivered ad-free, EXCLUSIVE access to hundreds of archived Impact Theory episodes, Tom AMAs, and so much more!* This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. *****Subscribe on Apple Podcasts: https://apple.co/3PCvJaz***** Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Bitcoin is worthless if you do nothing with it.
0:02.4	If no one trades another Bitcoin ever again, it falls to zero.
0:06.4	Hold on. That's a very big statement.
0:08.5	There's chaos in the universe. It's always increasing.
0:10.9	Everyone's going to go to war at some point.
0:12.3	So everyone's beefing up on defense.
0:14.3	The incentives you create by allowing the government to steal is so wrong that we're going to create an entirely new system.
0:21.7	We've accomplished nothing. We have not done what Bitcoin is there to do, and therefore we will
0:26.4	be rewarded with a fucking zero. Do you think that we are in a truly once-in-a-lifetime moment
0:33.7	that people should stop, pay attention, figure out what their crypto strategy is?
0:40.1	Absolutely. We are at the culmination of the post-World War II period. We've got four
0:47.8	generations since then. So all the people who fought in the war pretty much dead. So we've lost
0:53.9	that knowledge, that reticence to
0:56.3	ever do something stupid and terrible, like a total world war ever again. Now we have people
1:01.7	around the world who are celebrating these leaders who are bombing indiscriminate civilians
1:05.7	because it solves their particular issue, whatever that that is because we don't have this institutional
1:11.8	knowledge that everyone else is dead who would participate in one war war two so and we also have
1:17.7	a situation where you know the united states did very well out of war two and created a whole
1:24.1	global system that to preserve their hegem, and now that's coming undone.
1:29.2	And, you know, when top dog is getting challenged by the dogs at the bottom, there's always
1:33.9	conflict. And so we're at that point in time. We have no institutional memory of how bad war is,
1:38.6	and we have a preeminent power that's being challenged by others who was going to resort to
	...

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