Arthur Hayes: A New Inflation Cycle Has Arrived, Bitcoin Will Be the Best Wealth Haven

ChainCatcher message, BitMEX co-founder Arthur Hayes published a new article titled "Zoom Out" and stated: "We have entered a new inflation mega-cycle. This cycle is characterized by countries prioritizing their own interests and rising inflation. Governments will once again finance wars by financially repressing their domestic savers.

In the current cycle, we must closely monitor the scale of fiscal deficits and the total amount of credit provided by banks to non-financial institutions, rather than focusing primarily on changes in central bank balance sheets as in the past."

In the face of data showing massive fiscal deficits and a loose monetary environment, Arthur Hayes stated that as long as capital can flow freely, transitioning from fiat currency to cryptocurrencies like Bitcoin will be the best choice for preserving wealth. He predicts that the current situation is highly similar to the period from the 1930s to the 1970s, and therefore he advises investors to prepare in advance by moving funds from the fiat currency system to cryptocurrencies.