Arthur Hayes on US dollar dominance
From Arthur Hayes: Why NVIDIA Earnings Proves The AI Bubble Has Years Left To Run · · BeInCrypto
“I don't think China wants to replace the US dollar if Trump wants to sanction China and try to remove them from the pay global payment system they have an alternative the trading partners have experienced using this alternative and therefore they can seamlessly switch. I think this is a preparedness measure rather than saying China wants to replace the dollar have the yuan and replace the dollar as a global reserve currency.”
On , Arthur Hayes, Cofounder at BitMEX, spoke about US dollar dominance during Arthur Hayes: Why NVIDIA Earnings Proves The AI Bubble Has Years Left To Run on BeInCrypto.
About Arthur Hayes
Arthur Hayes, cofounder of BitMEX and CIO of Maelstrom, has made several market calls and expressed caution on risk assets in mid-2026. He stated that he sold major crypto positions including HYPE, NEAR, Worldcoin, and Zcash, and said he is sitting in cash and gold while waiting for central banks to restart liquidity expansion. Hayes argued that the upcoming SpaceX IPO, with a market cap around $1.8 trillion, is overvalued at nearly 100 times sales, and described it as a "classic crypto grift" with a low float that will allow insiders to sell into the offering. He said that if the AI bubble deflates, “everything is correlation one,” and predicted Bitcoin would end the year below $100,000. Hayes has also argued that crypto regulation is largely irrelevant to Bitcoin’s price performance, stating that “the price of Bitcoin doesn't care whether or not there's regulation or not” and that value is determined solely by fiat money printing. He has also described Hyperliquid as the “best business in crypto,” praising its tokenomics and revenue sharing model. In an interview on “Why Bitcoin Really Exists,” Hayes said that Bitcoin itself is a direct response to governments failing to safeguard currency value, and that banks and governments “lied to us and so we created Bitcoin.”