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
I think Bitcoin is going up to this level.
It has nothing to do with me reading the chart of Bitcoin and everything for me to read.
Oh, I think the market's misinterpreting what's happening with the US banking system or with how China is printing money or the fiscal situation in Japan or how is Europe going to fund this war they want to fight with Russia with defense spending.
Again, these are all the things I care about because if I get that right,
then I just have to pick the right asset.
And I believe the asset is Bitcoin.
Because he has access to the corporate debt markets, I think the initial strategy is perfect.
He's able to issue an asset, borrow dollars that are going to be in infinite supply and buy something that's going to be in finance supply.
So I think as a fundamental level, it is a great strategy.
Now, the nuance is how is he able to do that in a price per share creative way for the micro strategy stock?
Obviously, it was easier to do back when rates were lower.
A little harder to do now.
I'm not really sure how, if you have a dollar of capital today, if the micro strategy is the best way to play there or to buy Bitcoin.
I don't really play in the stock market very much.
I'll just stick with straight Bitcoin.
So he'll have a choice at some point.
At some point, he'll have to take a lot more risk in the type of debt and structures that he issues, whether that's coupons or it's the date at which he needs to repay things.
And he either makes a choice.
Either it's, A, I'm going to take this...
add more leverage to my capital structure, and then I have to really hope Bitcoin keeps going up.
Showing 1221–1240 of 1,864 · page 62 of 94
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