At Zatrun.com, we reported on the views of Arthur Hayes, the well-known commentator on cryptocurrencies and finance, has recently shared his opinion on the current state of the market. In a podcast appearance, Hayes remarked that those who don’t invest in either cryptocurrencies or gold will be among the losers in today’s economy.

Arthur Hayes, co-founder of the BitMEX exchange, has continued to share his thoughts on cryptocurrencies despite stepping down from his role at the company. Currently residing in Singapore and facing charges by the US Department of Justice, Hayes has argued that it’s time to move away from traditional financial systems and towards alternative assets.

“We need to stay outside of the traditional banking system.”

Arthur Hayes, the founder of BitMEX exchange, has warned that everyone with excessive debt will be at risk of losing out, regardless of their political ideology. In a recent podcast with Decrypt, Hayes emphasized that the era of benefiting from debt is over, and investors who fail to invest in alternative assets such as gold and crypto will suffer significant losses. He further recommended that to overcome the crisis, investors should focus on investing in “hard” assets, and move beyond the traditional banking system.

“They prevent the banking system from collapsing.”

Arthur Hayes, one of the co-founders of BitMEX, stated that the US government does not allow institutions to fail within the banking system, saying:

“Banks cannot afford to fail as it would be politically disastrous. Therefore, they continuously accumulate debt to fix their problems. This was evident in the Silicon Valley Bank incident, where the Fed had to provide emergency credit. This created fear that people may never access their assets or money again, leading to increased interest in alternative assets such as Bitcoin. However, the number of people with financial education is still limited, and few understand what cryptocurrency aims to replace.”