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CoinDesk Podcast Network

UNCHAINED: Arthur Hayes on Why Bitcoin Is Money and ETH Is a Sh*tcoin He Loves

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 29 December 2023

⏱️ 63 minutes

🧾️ Download transcript

Summary

Arthur Hayes, Chief Investment Officer of Maelstrom, delves into the anticipated bull run in crypto, the potential collapse of the traditional financial system, and his unique take on Bitcoin, Ethereum, sh*tcoins, and more.  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 meme-coins, 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 Ethereum, Solana, meme-coins: Hayes predicts SOL will go to $100, but also calls it “Sam-coin piece of dogshit L1 that at this point is just a meme” Arthur’s tweets on memecoins:  Tweet: “thinking about what shitcoins I’m going to yolo into.” Tweet: “$BONK > $SHIB” Tweet: “Can $L be this cycle’s $SHIB? Artificial intelligence Massa by Arthur Hayes Unchained: When AI and Blockchain Meet, How Can Each Technology Benefit? The Chopping Block: Why AI Will Change the Course of History in Crypto Stablecoins: Arthur’s tweet on Ethena flipping USDT Unchained: How Ethena’s USDe Challenges Traditional Stablecoin Models Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:49.7

Thanks for listening to Unchained, your no-hype resource for all things crypto, on the CoinDesk Podcast Network.

0:56.3

You can also listen to the episodes on the Unchained feed earlier if you subscribe there.

1:01.5

Plus, check out all our content on our website, Unchained Crypto.com.

1:06.2

I think that this is sort of, 2024 is going to set up to be the choppy period where it's

1:11.8

time to accumulate before you get the blow off top in 2025 until the 2007.

1:20.4

Hi, everyone. Welcome to Unchained. You're a no high resource for all things crypto. I'm your

1:24.9

host, Laura Shin, author of The Cryptopians. I started covering

1:29.0

crypto a years ago and as a senior editor of Forbes was the first Main Tree Meterporter to cover

1:33.9

cryptocurrency full-time. This is the December 29th, 2020, episode of Unchained.

1:39.9

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

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

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Visit app.uniswap.org to get started.

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