Arthur Hayes: Ethereum Will Outperform The Entire Market (It’s My Biggest Position)

<p>Arthur Hayes joins us for a session to understand the underlying economic forces leading to a massive digital assets bull market in the coming months and years.</p><p>The money printer is about to flip back on and Arthur Hayes says the Euro/Yen exchange rate is the tell everyone&#39;s missing. He gets into why Japan&#39;s forced unwinding of its massive carry trade, combined with France&#39;s brewing bond market crisis, all but guarantees a faster pace of dollar liquidity creation. He also makes the case that AI&#39;s unit economics problem becomes the government&#39;s next excuse to print more fueling the fiat debasement thesis further. He explains his positioning in the market and reveals why Ethereum is Maelstrom&#39;s largest position heading into this cycle.</p><p>Arthur Hayes is the CIO of Maelstrom, the family office of BitMEX co-founder Arthur Hayes, and a prominent macro commentator in digital assets.</p><p>The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.</p><p><br></p><p>Timestamps:</p><p>00:00 Intro</p><p>01:57 Fed Chair Warsh Is Irrelevant</p><p>04:03 Japan&#39;s GPIF Asset Shift</p><p>09:34 Japan&#39;s National Carry Trade</p><p>12:24 Exiting The Restrictive Regime</p><p>14:51 The AI Bailout Trade</p><p>17:59 Gold And Bitcoin Vs Tech</p><p>20:57 Misallocated Capital Flows To Crypto</p><p>23:53 Who Controls The Narrative</p><p>28:52 Crypto Timeline To New Highs</p><p>32:24 Euro/Yen As Leading Indicator</p><p>35:38 France&#39;s Bond Market Crisis</p><p>39:11 Positioning The Barbell Portfolio</p><p><br></p><p>Guest Socials:</p><p>Arthur Hayes X: https://x.com/CryptoHayes</p><p>Maelstrom X: https://x.com/Maelstromfund</p><p>Maelstrom Website: https://maelstrom.fund/</p><p><br></p><p>Partners: </p><p>If you run concentrated liquidity positions you know the grind. Price moves, you&#39;re out of range, you&#39;re rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua</p><p>---</p><p>Dinari - Over 230 1:1 backed tokenized stocks, ETFs &amp; more with dividends. US-based SEC transfer agent. Available on 5+ chains &amp; via API. https://dinari.com/</p><p>---</p><p>Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data. </p><p>---</p><p>Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge</p><p>---</p><p>Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.</p><p>Learn more here: https://www.zama.org/</p><p>---</p><p>𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝘂𝘀 𝗯𝘆 𝗰𝗹𝗶𝗰𝗸𝗶𝗻𝗴 𝗮𝗻𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗹𝗶𝗻𝗸𝘀 𝗯𝗲𝗹𝗼𝘄 𝗳𝗼𝗿 𝗳𝗿𝗲𝗲 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:</p><p><br></p><p>Website: https://therollup.co/</p><p>Spotify: https://open.spotify.com/show/1P6ZeYd...</p><p>Podcast: https://therollup.co/category/podcast</p><p>Follow us on X: https://www.x.com/therollupco</p><p>Follow Rob on X: https://x.com/robbieklages</p><p>Follow Andy on X: https://x.com/andyyy</p><p>Join our TG group: https://t.me/+TsM1CRpWFgk1NGZh</p><p>The Rollup Disclosures: https://goodidea.ventures</p><p><br></p><p>𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘋𝘦𝘍𝘪 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘴 𝘤𝘰𝘮𝘦𝘴 𝘸𝘪𝘵𝘩 𝘪𝘯𝘩𝘦𝘳𝘦𝘯𝘵 𝘳𝘪𝘴𝘬𝘴 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘳𝘪𝘴𝘬, 𝘩𝘶𝘮𝘢𝘯 𝘦𝘳𝘳𝘰𝘳, 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘢𝘪𝘭𝘶𝘳𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦. 𝘈𝘵 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘱𝘰𝘪𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘸𝘦 𝘮𝘢𝘺 𝘦𝘢𝘳𝘯 𝘢 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘰𝘳 𝘧𝘦𝘦 𝘢𝘴 𝘢 𝘴𝘱𝘰𝘯𝘴���