Arthur Hayes
speaker
1,864 appearances
4 recordings
3 series
first heard Jan 2026
last heard 22 Jun
Arthur Hayes’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Jan 2026 with 2.
Appearances
Yeah.
Like Jeff and his team of, you know, 11 engineers have completely whooped your ass.
Like good on them.
I love it.
And so I'm really proud of Jeff, what they've done and all the other entrepreneurs that have taken this perp thing into a new level.
And now we have perps on SpaceX, perps on Anthropic, like perps on oil, perps on whatever.
Like, it's great.
Because retail investors love them.
At the end of the day, Wall Street is about extracting value from dumb retail to smart institutional investors.
And so if the dumb retail says, I want a 24-7 product with 100x leverage on whatever financial price there is around the world, and I don't want to have to understand futures curves and all these sorts of things, the perpetual swap is a product for them.
combined with socialized loss mechanisms, which is basically what we have invented in the crypto ecosystem.
That's Hyperliquid, that's Binance, that's BitMEX, that's all of us, right?
We've done, you know, starting in 2014 up until the present, we sort of refined this system, everybody doing their part to sort of like make this the perfect product.
So if all the retail, if the marginal retail person says, okay, I want high leverage to trade 24-7 and the only way to have that happen is on a perpetual swap with socialized loss,
I'm not going to open my Robinhood account and trade there or trade some leveraged futures contract on the CME.
And without the dumb retail, then you just have Ken Griffin hitting against Don Wilson.
And that's not the game that they want to be in.
They're going to figure it out.
OK, fine.
I mean, I'm going to deal with whatever compliance complexities there is and the tech issues and the custody issues.
Showing 461–480 of 1,864 · page 24 of 94
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