Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH - Ep. 393

Published: Sept. 6, 2022, 7:30 a.m.

b'Arthur Hayes, cofounder of BitMex, discusses how he\\u2019s trading the Merge, the impact of macroeconomic policy in the markets, his career as a writer, and much more.\\xa0\\n \\xa0\\n Show highlights: how crypto is reconfiguring how humans do finance over the internet\\n why Arthur initially thought Ethereum was worthless\\xa0\\n how NFTs allow users to trade human culture and will unlock trillions of dollars of value\\n why Ethereum doesn\\u2019t even need to be deflationary\\n whether other layer 1s can take some market cap from Ethereum\\n why Arthur thinks that a successful Merge is understated and why this is a valid reason for hedging\\n why he thinks an Ethereum proof of work chain won\\u2019t succeed and how Arthur will trade ETHPoW\\n why LDO, Lido\\u2019s token, is a riskier bet but has more potential gains\\n how he believes the Shanghai upgrade will impact ETH\\u2019s price\\n whether the Merge affects BTC\\u2019s narrative as digital gold and whether the inflation hedge theory of Bitcoin still holds\\n why Bitcoin is a measure of USD liquidity and why the Fed rates don\\u2019t matter as much as everyone thinks\\n whether hedge funds and institutional investors would want to invest in crypto given the high correlation with traditional markets\\n what Arthur believes the impact of a potential US recession would be on the crypto markets\\xa0\\n why he believes the real economy is not relevant to the financial markets\\n whether algorithmic stablecoins are doomed to fail\\n how the credit cycle works and how it repeats again and again\\n Arthur\\u2019s method for identifying good projects to invest in\\n how Arthur became such a good writer\\n whether BTC is money and the religious aspect of the Bitcoin culture\\n Thank you to our sponsors! Crypto.com\\n Ava Labs\\n a16z\\n \\xa0\\n Arthur: Twitter\\n \\nMedium\\xa0\\n \\xa0\\n Episode Links \\xa0\\n Previous Coverage on Unchained: With the Merge, Will Ethereum Take Over Bitcoin\\u2019s Title as Digital Gold?\\n Why Kevin Zhou Believes Ethereum Will Have 3 Forks After the Merge\\n Post-Merge, If Lido Becomes Dominant, What Does That Mean for Ethereum?\\n \\n Arthur\\u2019s posts discussed during the show: Eth-Flexive\\n Ether, a double digit shitcoin\\n \\n Teach me Daddy (on USD liquidity and Macroeconomics)\\n \\xa0\\n Macroeconomics: Adam Cochran on the Fed\\u2019s QT\\n\\n Pantera Capital\\u2019s newsletter\\n\\n \\xa0\\n ETH Trade: Whether Ethereum\\u2019s Merge is priced in\\n\\n Gauntlet\\u2019s view on the Merge\\n\\n BTC correlation with stocks\\n \\xa0\\n ETH Post-Merge Dynamics: Cumberland on the Ethereum dynamics after the merge\\xa0\\n Miles Suter on the implications of the Merge\\n\\n The triple point asset\\n \\nLearn more about your ad choices. Visit megaphone.fm/adchoices'