Arthur Hayes Exposes Traditional Finance’s Slow Recognition of the Debasement Trade

Arthur Hayes criticizes traditional finance for lagging recognition of fiat currency devaluation, and its subsequent impact on asset prices. As investors seek safe haven assets amidst rising inflation and government debt concerns, the debasement trade gains traction, capitalizing on declining fiat currencies by investing in Bitcoin, gold, and tech stocks. Hayes highlights this shift, asserting that it took nearly two decades for traditional finance to acknowledge the significance of the debasement trade.