Mar 22, 2023
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.
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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
Arthur’s Recent, “Kaiseki” Essay
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.
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