Arthur Hayes, co-founder of BitMEX, highlighted the contrast between the vibrant crypto community and traditional finance while predicting a “volatility supercycle” in his latest essay.
What Happened: Hayes admitted that his short-term predictions are often inaccurate, but the overarching thesis of central bank intervention remains valid.
“As long as my portfolio is geared to benefit if printed fiat is supplied to suppress the natural volatility of human civilization, it doesn’t matter if I get every single event-driven prediction wrong as long as the policy response is as expected,” he states.
Hayes argues that global elites have been suppressing economic …
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