Arthur Hayes: Additional currency issuance may drive up cryptocurrency prices

Arthur Hayes suggests that US policy makers may push up cryptocurrency prices by issuing additional currency to support the AI industry and government debt financing; If China shifts from limited tightening to large-scale monetary stimulus, it may also boost demand for scarce assets; He also focused on French financial pressure, including BNP Paribas related credit default swaps and French treasury bond bond spreads. Catrina Wang, general partner of Portal Ventures, stated that banks and asset management companies have an advantage in the on chain financial market due to their existing customer relationships. R3 co-founder Todd McDonald pointed out that public chains can help institutions reach customers outside of their own network. Justin Kugel, Executive Vice President of Growth at World Liberty Financial, stated that the demand for asset management and investment evaluation from users still leaves room for intermediaries. Chetan Karkhanis, Senior Vice President of Customer Relations for Franklin Templeton Digital Assets, stated that the company has no intention of issuing its own stablecoins and hopes that tokenized money market funds can provide investment returns. Haonan Li, co-founder and CEO of Codex, stated that the trade routes connecting Latin America, sub Saharan Africa, and Asia are driving the demand for stablecoin payments. FinHarbor co-founder and CEO Ilya Podoynitsyn stated that companies need to confirm long-term idle funds that do not affect daily operations before allocating cryptocurrency assets. SharpLink's Chief Development Officer Michael Camarda stated that both repurchasing stocks and increasing ETH holdings can increase ETH holdings per share, and the company has adopted both methods. (Source: Cointelegraph)