Arthur Hayes Shares Epic Bitcoin Prediction as Financial Storm About to Hit

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Arthur Hayes, a well-known writer and the former CEO of a significant cryptocurrency exchange called BitMEX, has just published a new book titled “The Denominator.” In it, Hayes seeks to address the topic of who will pay for the banking crisis brought on by the Fed’s deflationary policies by drawing a comparison between the current state of the American banking system and friends dividing the tab at a club. Along the way, Hayes provides rescue choices, which the author claims provide both safety and the potential for profit in the middle of the financial crisis.

In an effort to provide a straightforward response to the author’s query, we may state that the problem will be resolved “at the cost of the lives” of medium-sized and small banks, which Hayes refers to as “not big enough to fail.” He believes that the large systemic banks, which have guarantees from the U.S. government to cover client deposit losses, would undoubtedly absorb their assets.

The real worth of money in people’s pockets, on the other hand, will undoubtedly decline when the Fed changes its monetary policy, according to Hayes.

By decreasing the Fed rate, Hayes suggests two methods to proceed, or by raising the money supply, which would also result in the “cheapening” of money. Hayes is certain that this will happen if American policymakers do not decide to let the financial system run its course and collapse. When it comes to conserving value outside of the financial system, the author sees gold and Bitcoin as the answer in both of these situations.

Get your Bitcoin, then leave. Hayes wraps with his article.

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