Arthur Hayes
๐ค SpeakerAppearances Over Time
Podcast Appearances
And then it's up, I don't know, whatever, like 30, 40, 50 X, whatever it is from then until today.
Yes, if you kept your money in from 1999 until the present, you've made money, but it took you 30 fucking years.
So that's just how I look at things.
So my view is I believe in money printing.
I think everyone does, whether you are Warren Buffett or your crypto degen in the basement.
You believe that whenever there's a problem, there's going to be money printing.
Okay, so if I believe in money printing, what is โ and I don't want to pick stocks.
I want to invest in a broad base, either equity index or something that is a broad appeal like gold or crypto or a house or whatever, right?
I'm not a stock picker.
Yes, stock pickers can outperform the strategy that I'm talking about, but I'm not a stock picker.
I just want to invest in the fastest horse.
What has been the fastest horse from 2008 to the present, which has probably been one of the largest periods of money printing, whether it's US, China, Japan, Europe, in human history, it's been Bitcoin.
Historically, hands down.
So if I want to bet on the fastest horse, an asset that's in fixed supply that cannot be debased by the government that is digitally native.
So you could imagine an AI using Bitcoin or people because now they're more comfortable using their phone or the Internet to transact value.
They'll prefer Bitcoin over, say, gold, for example.
Then I just want to own the fastest horse in this race, in this debasement race.
It's Bitcoin.
So just buy Bitcoin.
That's it.