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    Vikshita Vitthal Gujaran in Crypto News

    11-Apr-2023 07:48 AM


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    First Mover Asia: Arthur Hayes Sees a 'Balkanization of Finance' Coming Soon as Crypto Rallies

    Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.James Rubin is CoinDesk's U.S. news editor based on the West Coast.
    ”Bitcoin's correlation with traditional assets is breaking as it serves as an asset outside the traditional fiat banking system, Hayes says, pointing to the S&P 500’s 7% gain year-to-date, versus bitcoin’s more than 80% increase.
    And what does the Hayes portfolio look like as the Western banking system teeters?Bitcoin, gold, property and maybe even some assets in RMB.“I’m going to go into all these other things that are not connected to the banking system directly,” he said. “
    CoinDesk journalists are not allowed to purchase stock outright in DCG.James Rubin is CoinDesk's U.S. news editor based on the West Coast.
    Head to consensus.coindesk.com to register and buy your pass now.

    Source - Coin Desk