BitMEX founder Arthur Hayes believes two main factors could ignite an unprecedented crypto bull market this cycle.
In a new interview with Coin Bureau co-host Jessica Walker, Hayes says that artificial intelligence (AI) innovation and a looser Federal Reserve monetary policy could cause the total crypto market capitalization to grow by trillions of dollars within years.
“Does crypto fit in with AI? I’ve been out there pushing that sort of narrative. AI needs to use decentralized money and decentralized compute power, decentralized storage solutions, if they’re really to be a pure economic actor that’s sits outside of how we humans do things. So that’s a potential vector as well.
And then yes, I think that we’re going to print the most amount of money ever in human history in the next two to four years, because we have a lot of elections coming up and how do you get reelected? You give people free shit that they don’t pay for in an obvious fashion. They always pay for it, inflation or taxes, choose one. And then we have a lot of wars. Wars are very inflationary. Everybody around the world is increasing their defense budget to throw bombs at each other. And then we have the money printing to pay for the war.
So it’s all building itself into a supercycle of technology and money printing that I think is going to make this particular crypto bull market the biggest one that we’ve seen in terms of gains of trillion dollars of market cap that is all of a sudden going to be present in our little ecosystem.”
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The post ‘Supercycle of Technology and Money Printing’ Could Create Biggest Crypto Bull Market in History: Arthur Hayes appeared first on The Daily Hodl.
