Arthur Hayes: The Biggest Bull Run Of Your Life Is Just Starting (Full Thesis)

<p>Arthur Hayes says US commercial bank balance sheets are up roughly $200 billion and every Fed hike pushes billions more into financial assets like crypto.</p><p>Arthur explains why France is the catalyst that forces the next big wave of liquidity. He also dives into the Citrinie why AI agents are the story that re-rates the DeFi protocols still standing since 2020, and why his fund trades everything else to buy more Bitcoin.</p><p>Arthur Hayes is the CIO of Maelstrom and co-founder of BitMEX, joining us live at TOKEN2049 Singapore. 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>02:21 Hunting For Busted Charts </p><p>06:28 The Citrini Report</p><p>09:12 Why Alts Disappointed </p><p>14:22 The Barbell Portfolio </p><p>16:39 Quantum And Address Hygiene </p><p>19:06 Zcash As Privacy Hedge </p><p>22:45 Sovereign Debt Hunger Games </p><p>27:00 Rate Hikes Pump Bitcoin </p><p>30:54 Banks Are Printing Now </p><p>35:47 Stablecoins Export The Dollar </p><p>41:06 France Is The Catalyst </p><p>43:52 The Quarterly Refunding Announcement </p><p>46:49 Watches, Ferraris And Skiing </p><p>53:00 How Much Is Enough </p><p>56:01 Is The Ethos Gone </p><p>60:39 The FLOP Thesis</p><p><br></p><p>Guest Socials:</p><p>Arthur Hayes:</p><p>X - https://x.com/cryptohayes</p><p>Web - https://www.cryptohayes.com</p><p>Substack - https://cryptohayes.substack.com/</p><p>LinkedIn - https://www.linkedin.com/in/arthur-hayes-b493b42/</p><p>Instagram - https://www.instagram.com/cryptohayes/</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>