Arthur Hayes: Various currency groups will emerge in the future, but there will be no global reserve currency hegemony

ChainCatcher message, BitMEX co-founder Arthur Hayes published a latest blog analyzing the global reserve currency system, stating that various currency groups will emerge in the future, but there will be no global reserve currency hegemony. Trade with the West will continue to be conducted in US dollars, while trade with other countries will be conducted in RMB, gold, rupees, etc. When there is an imbalance between groups, they will settle in neutral reserve currencies. Historically, this has always been gold, and that will not change.

Arthur Hayes believes that as the global financial system disintegrates, the demand for US financial assets will decrease. The West cannot allow general capital to flee from its markets to places like cryptocurrencies, foreign stocks, and bond markets; they need investors as exit liquidity. Therefore, the West is making it more difficult to buy cryptocurrencies and store them in private wallets. It is not advisable to listen to any official statements, as they are misleading investors. In the coming years, the world will trade in multiple currencies and then hoard gold when necessary, and perhaps at some point in the near future, will choose to hoard Bitcoin. (source link)