You might know Arthur Hayes as perhaps THE dominant financial creative writer in crypto. When Arthur Hayes drops an article, it commands the attention of basically everyone in the industry.

And he’s done it again with his new piece, “Kaiseki,” which outlines one of the most chaotic and critical times in the macro and monetary landscape that we’ve seen, at least since 2008.

In today’s episode, Arthur walks us through his essay, why he believes Balaji’s $1M Bitcoin bet is wrong, how he’s navigating these tumultuous times, and so much more.

------ 🚀 JOIN BANKLESS PREMIUM: https://www.bankless.com/join

------ BANKLESS SPONSOR TOOLS:

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap

👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask

🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi

------ Timestamps:

0:00 Intro 6:27 Arthur’s Recent, “Kaiseki” Essay 13:09 Bank Term Funding Program (BTFP) 18:08 Effect on the Banking Sector 24:30 Current State of the Banking Sector 30:44 Should We Support BTFP? 39:11 What’s Going to Happen to Crypto? 46:56 Sending Bitcoin to $1M 55:05 Effects on Expanding Variables 57:35 Who Takes the Loss? 1:00:00 Rampant Inflation Worldwide & Fiat 1:03:36 Swap Lines 1:06:07 Punchlines & Endgame 1:09:25 Everyone is a Speculator 1:10:49 What Will Arthur Hayes Do? 1:13:36 Closing & Disclaimers

------ Resources:

Arthur Hayes https://twitter.com/CryptoHayes

Arthur’s Recent, “Kaiseki” Essay https://entrepreneurshandbook.co/kaiseki-b15230bdd09e

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures

Arthur Hayes Says, “Get your Bitcoin, and Get Out!” 01:15:40 Share

Bankless

Shownotes Transcript

Arthur Hayes Says, “Get your Bitcoin, and Get Out!”