Crypto entrepreneur Arthur Hayes recommends betting on itcoin-etf-bito-draws-240m-on-spot-etf-excitement">itcoin">Bitcoin to outperform potential dollar depreciation. He believes global central bank liquidity injections will debase fiat currencies.
In a blog post, Hayes analyzed Treasury Secretary Janet Yellen’s crisis strategies like short-dated bills and RRP/TGA balance management. He argues these could slosh substantial fiat into markets.
With more dollars circulating, Hayes says the dollar’s relative value may fall against other major currencies. He also suspects government inflation statistics downplay the true impacts.
Hayes identifies crypto, especially reserve assets itcoin">Bitcoin and Ether, as the smartest hedge against the fiat deluge. He touts BTC as the first stop, calling it “money and only money.”
The BitMEX founder’s advice recognizes crypto’s upside as global monetary policy responds to crises. Amid the macro conditions, Hayes sees itcoin">Bitcoin’s sound money properties as uniquely positioned to preserve purchasing power.
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