Arthur Hayes: Bitcoin and Monetary Policy: Cryptocurrency Will Benefit Regardless of Who is in Power
Publication Time:2024-08-06 22:46:10
In an interview, BitMEX co-founder Arthur Hayes pointed out that during the US presidential campaign, whether Trump or Harris wins, the impact on the crypto industry is not significant. Although the crypto industry once provided a certain amount of financial support to Trump, it cannot compare with the support provided by institutions such as JPMorgan Chase, Morgan Stanley, Citibank, and Goldman Sachs. Hayes stated that the senior managers of these financial institutions come from these large banks, so even if Trump were to be re-elected and implement related policies, he might face similar issues as in his first term. When discussing Bitcoin and monetary policy, Hayes believes that regardless of whether it's the Trump administration or the Harris administration, they will both implement printing money measures. Although the specific methods may differ, it can be anticipated that the cryptocurrency market will benefit from this. He further noted that discussions about Gary Gensler, the head of the US Securities and Exchange Commission (SEC), are more political in nature. Hayes emphasized that firing Gensler would not solve the regulatory issues of the cryptocurrency market, because the key lies in whether elected representatives are willing to establish frameworks that are favorable for the development of cryptocurrency.
Bitcoin
Cryptocurrency
Monetary Policy
Arthur Hayes
BitMEX