On October 8, 2023 5:38 PM, Arthur Hayes, the co-founder of BitMEX, spoke with Crypto Banter about two pivotal factors that he believes will lead to a significant bull run in the cryptocurrency domain. Hayes explained his “double happiness” theory, which is based on the unprecedented money printing by the Federal Reserve and the commercialization of Artificial Intelligence (AI). He also discussed the expected surge in debt from economic powerhouses like the U.S., Europe, and China.
When combined, Hayes is convinced that these elements will thrust cryptocurrencies to outstanding peaks. He said “So I had this thesis I presented at Token2049 called ‘double happiness,’ and it was about the bull market that we’re about to experience — that we’re on the cusp of — and it’s a combination of the most amount of money ever printed in human history in a two- to three-year period and the commercialization of AI and how that relates to crypto as the most transformative technological development that’s ever happened in human history. These two things combined are going to produce the most epic bull market in crypto and just about everything else that’s sort of a risky asset around the world.”
To secure your financial future, Benzinga is offering their Insider Report, usually $47/month, for just $0.99! Uncover incredibly undervalued stocks before they soar! Take advantage of this limited time offer and grab your 0.99 offer TODAY.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
