Absolute banger of a post Arthur🔥 Insightful, hilarious & politically raunchy...we're incredibly lucky to still have you in the arena spitting fire like this 🤣
What are your thoughts on Saifedean Ammous's presentation at the 2025 Bitcoin Conference on tether and stablecoins, and coming to the conclusion that on net, they will only result in ~3 trillion dollar's of new debt purchasing vs the 10 to 30 trillion you've forecasted?
OMG - another absolute BANGER from the man himself, Arthur Hayes. Arthur ALWAYS entertains and NEVER disappoints about the brutally harsh #fiat system we all live in today.
Newbie question: why would LATAM&Cie go USDT rather than full bitcoin given USD’s comparative dilution? They could go USDT solely for their entry/exit point to BTC - when no alternative.
Those multiples are crazy, but they sure build up a nice narrative. The stablecoin space will be one of the hottest areas to compete on. Unless Tether and co start sharing their yields on t-bills, they may face some headwinds soon.
Interest rates falling will also challenge incumbents.
Absolute banger of a post Arthur🔥 Insightful, hilarious & politically raunchy...we're incredibly lucky to still have you in the arena spitting fire like this 🤣
What are your thoughts on Saifedean Ammous's presentation at the 2025 Bitcoin Conference on tether and stablecoins, and coming to the conclusion that on net, they will only result in ~3 trillion dollar's of new debt purchasing vs the 10 to 30 trillion you've forecasted?
https://www.youtube.com/watch?v=SFUiGTayVL8&pp=ygUcU2FpZmVkZWFuIEFtbW91cyB0ZXRoZXIgMjAyNQ%3D%3D
Great article as always, thanks again for your insightful and enjoyable writings.
https://open.substack.com/pub/maatsson/p/dear-arthur-hayes-a-letter-from-your?r=5ziwze&utm_medium=ios
Arthur has lost the plot
Another cook from Arthur Hayes.... I enjoyed every bite.
OMG - another absolute BANGER from the man himself, Arthur Hayes. Arthur ALWAYS entertains and NEVER disappoints about the brutally harsh #fiat system we all live in today.
Newbie question: why would LATAM&Cie go USDT rather than full bitcoin given USD’s comparative dilution? They could go USDT solely for their entry/exit point to BTC - when no alternative.
Nice writeup with interesting targets.
I think the story makes sense. Europeans are clearly nervous about US Stablecoin efforts too:
"EU speeds up plans for digital euro after US stablecoin law"
(https://www.ft.com/content/8ad60169-d1e5-4d2c-b928-d53d668f0ec6)
thanks
Those multiples are crazy, but they sure build up a nice narrative. The stablecoin space will be one of the hottest areas to compete on. Unless Tether and co start sharing their yields on t-bills, they may face some headwinds soon.
Interest rates falling will also challenge incumbents.
Another one ☝🏾