PANews July 3 news, BitMEX founder Arthur Hayes stated in a recent article that the U.S. government has provided trillions of dollars in liquidity tools for too-big-to-fail banks through stablecoin policies, which does not reflect DeFi or financial freedom, but rather is 'debt monetization disguised as innovation.' He believes that stablecoins will be used to purchase government bonds to maintain stock market gains, fill fiscal deficits, and undermine the competitiveness of fintech companies like Circle.
Hayes pointed out that rather than waiting for Federal Reserve Chairman Powell to announce 'unlimited quantitative easing,' investors should consider going long on Bitcoin and JPMorgan, rather than focusing on companies like Circle. He emphasized that the 'Trojan horse' of stablecoins has already infiltrated the market, aiming to maintain stock market bubbles by purchasing government bonds, funding fiscal deficits, and appeasing older investors. He urged investors to seize the opportunity and not wait for the Federal Reserve to release further liquidity.
