IMPORTANT POINTS:
- Commercialization of synthetic intelligence will enhance crypto property.
- Historic cash issuance by the Federal Reserve favors the cryptocurrency bull market.
- Large economies, comparable to the US, Europe and China, will situation enormous quantities of debt, benefiting the crypto sector.
Arthur Hayes, co-founder of BitMEX, envisions a bull marketplace for cryptocurrencies powered by two essential elements: the commercialization of synthetic intelligence (AI) and the unprecedented issuance of cash by the Federal Reserve.
In a latest interview with Crypto Banter, Hayes revealed his outlook for the crypto sector. He argued that the rise of AI, mixed with historic cash printing, will set the stage for a cryptocurrency boom.
“Double Happiness” on the Horizon
Hayes shared a principle he introduced at Token2049, which he calls “double happiness.” This principle signifies that we’re at the starting of a bull market pushed by two converging forces. First, by no means earlier than in human historical past has a lot cash been printed in such a brief interval of two to 3 years.
Second, AI is rising as a technological revolution of historic magnitude. These two forces, based on Hayes, will generate a bull market not solely in crypto property however in a number of high-risk property globally.
Debt Issuance and Crypto Assets
Additionally, Hayes emphasised the spectacular quantity of debt anticipated to be issued by financial giants comparable to the United States, Europe and China. These colossal debt figures, in his opinion, will likely be a catalyst for digital property.
After analyzing the figures, Hayes was amazed at the projection of debt issuance in these areas in the coming years. This imminent flood of cash makes his stance extraordinarily bullish on Bitcoin and different cryptocurrencies, whereas he maintains a cautious view on conventional currencies in the face of the anticipated avalanche of financial issuance.
