BitMEX co-founder and Flop Labs CEO Arthur Hayes shared a macroeconomic forecast according to which financial markets may face a repeat of the 2008 crisis scenario. In his assessment, the U.S. national debt has already approached $40 trillion, while institutional players fear a devaluation of government bonds over the next five years due to rising inflation.
Hayes believes that in order to prevent a collapse and allow foreign states to offload U.S. debt securities, the Federal Reserve will be forced to launch mechanisms of covert dollar issuance and transition to yield curve control. In such a macroeconomic context, digital assets could become a tool for capital preservation. Hayes called Bitcoin a safety valve against central bank money printing and forecast that the price of the leading cryptocurrency could reach $126,000 by the end of the current year.
The expert also does not rule out short-term market shocks and acknowledges the possibility of Bitcoin declining to $35,000 due to forced liquidation of positions by major players. In the long term, he forecasts the asset will rise to $500,000. Turning to regulatory matters, Hayes expressed a critical stance on the Clarity Act bill, noting that such rules primarily benefit venture funds by protecting them from competition. In his view, state interference only harms truly decentralized technologies, and Bitcoin has not needed special legislation since 2009.
Hayes devoted particular attention to the development of artificial intelligence and introduced his new project, Flop Network, which represents a decentralized marketplace for computing power. The name references FLOPS, a unit for measuring computer performance. The network's architecture is built on the premise that the economy of autonomous software agents will eventually surpass the human economy, and such algorithms will require their own native currency to pay for computing resources and data storage.
The project entirely rejects venture investment. 20% of the ten-year token issuance is planned to be distributed among users via an airdrop for activity on the testnet, the launch of which is scheduled for late October. Hayes also noted that crypto market participants need patience and discipline, as the market by its nature tends to redistribute capital among participants.
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This material is prepared exclusively for informational purposes and does not constitute financial advice or a recommendation.