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Author: Trista Kelley, editor -in -chief of DL News; Translation: Bitchain Vision Xiaozou
Arthur Hayes’ first job was in the trading hall of Deutsche Bank in Hong Kong.In September 2008, the Lehman Brothers applied for bankruptcy.He was only 22 years old at the time.Those days when the bloody transactions and millions of dollars bonuses stopped.
Young traders like Hayes are being regulated, compliant departments and restrained office cultural shocks.Later, he discovered cryptocurrencies.
“When I read the Bitcoin White Paper, it really caused me to resonate, coinciding with some of my inner thoughts -how absurd the corrupt banking system is,” he told DL News.
Ten years have passed, and he has become the co -founder of the Bitcoin Exchange BitMex, becoming a billionaire. He was convicted in the US court and was sentenced to 6 months of home imprisonment and probation for 2 years. The cryptocurrency industry began to become extremelyHe once scratched the banking industry.
“It still has a real global diversified group vitality.“-Arthur Hayes
Financial giants, including BlackRock and Franklin Templeton, are providing cheap and safe cryptocurrency investment methods for retail investors.Fidelity hopes to invest Bitcoin in US pensions.Hayes said that this is the original industry.
“It still has a real global diversified group vitality. These people are either come from the financial field or from the science and technology field. They want some different things,” Hayes said in his Singapore’s office last week.
“What they want is the infinite upward space, which is obviously very unstable. If you are not diligent enough, you will soon be out. But at least there is such a ability, or you can get it widely or for you to get youQuite huge wealth. “
Hayes has the reputation of encrypted OG.He has also become one of the most popular and most watched market commentators in cryptocurrencies.Before the stock market collapsed on Monday, Hayes and DL News talked about the election, the financial industry’s use of cryptocurrencies, and his views on Bitcoin prices.
1, About American Elections
Arthur Hayes: They think that Trump’s remarks are right, and he will promote the rapid development of things.But whether it is Donald Trump or Kamara Harris, it doesn’t matter.
DLN: Why do you say that?
Arthur Hayes: Indeed, the encryption industry has funded a lot of money.However, I think that encrypted donations are not enough to surpass JP Morgan Chase, Morgan Stanley, Citibank and Goldman Sachs.You see that the employees of these institutions are from these banks.Therefore, if Trump is elected and it is necessary, it is great, but I think he may have the same problem as the first term.You can say that you can try all these policies again, but if the entire government agency is opposed, then nothing can be done in the end.
2About Bitcoin and monetary policy
Arthur Hayes: Both the Trump administration and the Harris government will print money, but they will adopt different ways.So your cryptocurrency will go up, but the upward process must be difficult, but we are sure of its ultimate direction.
3,aboutSECPresidentGary Gensler
DLN: Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), seems to be a big demon in this industry.Do you think so too?
Arthur Hayes: What people feel confused are the crux of the problem rather than the problem itself.You can listen to his lectures, he is a very smart person.When he was sitting in the government office, he became a full fool.This is politics.What about a person to replace him?Gary Jesler is not a problem.SEC is not the problem.If a series of regulations that you feel dissatisfied from the beginning still exist, if the representatives you choose choose to pay attention to other things, and do not consider creating a framework for cryptocurrencies, Garry Jesler will not play any role.Everyone’s gaze was put on Gary Jesler, but in fact, he could say that he was unrelated.
4, About Bitcoin Reserve Plan
Arthur Hayes: I think this is almost impossible, even if Trump is elected.You need a certain number of people to vote for support. You know that this will have a negative impact on the US Ministry of Finance or the Federal Reserve or maintaining the attention of the US Treasury market.
DLN: Do you think this is a good idea, even if it does not realize it?
Arthur Hayes: Of course, this is a good idea.The United States should weaken the US dollar, and finally buy Bitcoin and gold.This solves many problems in the United States.They will weaken the US dollar, and the price of Bitcoin and gold will rise.Will the U.S. government take the initiative to try to acquire Bitcoin?I am highly doubt about this.They will buy gold first, and then it is Bitcoin’s turn.But the transactions are the same.The motivation we do is the same.
5About Bellaide in the encryption industry
Arthur Hayes: The whole significance of the encryption is that he did not enter the barriers.Belide should be able to use Bitcoin, and a Philippines who cannot obtain financial services should also be able to use cryptocurrencies.Is the incentive structure strong enough?What is the theory behind the blockchain operation?How to ensure decentralization?Is there any consequences of decentralization?
I have written some related content, such as: like … passive diseases, will it contagious cryptocurrencies? Will they seize all Bitcoin and then make the network rigid?In theory, yes, this is possible.But this is still an open competitive environment.If you have Berlaide products, you have derivatives of cryptocurrencies, and you do not have cryptocurrencies -Berlaide who really owns your cryptocurrencies.Therefore, Berlaide’s products are a seductive product for people, but it is not cryptocurrency.
6, About the price of Bitcoin
Arthur Hayes: In this round of this cycle, the price of Bitcoin will rise, very, very high.Perhaps hundreds of thousands of dollars or $ 1 million.Too many debt needs to be extended.We are entering a period of reform of a global currency structure.We don’t know what it will look like in the future, but the prominent institutions (and people) in the past 80 years will be very resistant to change.
