Arthur Hayes, co-founder of crypto trading platform BitMEX, released his latest blog analysis of the global reserve currency system, saying that various currency blocs will emerge in the future, but there will be no global reserve currency hegemony. Trade with the West will continue to be conducted in dollars, and trade with other countries will be conducted in yuan, gold, rupees, etc. When there are imbalances between the blocs, they will be settled in a neutral reserve currency. Historically, this has always been gold, and this will not change.
Arthur Hayes believes that as the global financial system falls apart, there will be less demand for U.S. financial assets. The West cannot allow general capital flight from its markets to places like cryptocurrencies, foreign stock and bond markets, and they need investors as exit liquidity. So the West is making it more difficult to buy cryptocurrencies and store them in private wallets. It is not advisable to listen to any official statements, they are all misleading investors that in the coming years the world will trade in multiple currencies and then stock up on gold when needed, and perhaps sometime in the near future, choose to stock up on bitcoin.
Arthur Hayes believes that as the global financial system falls apart, there will be less demand for U.S. financial assets. The West cannot allow general capital flight from its markets to places like cryptocurrencies, foreign stock and bond markets, and they need investors as exit liquidity. So the West is making it more difficult to buy cryptocurrencies and store them in private wallets. It is not advisable to listen to any official statements, they are all misleading investors that in the coming years the world will trade in multiple currencies and then stock up on gold when needed, and perhaps sometime in the near future, choose to stock up on bitcoin.