➡️🔥Arthur Hayes: “The greatest bull run ever in 2024”

Arthur Hayes, co-founder and former CEO of BitMEX, returned to speak in the context of Token2049, an annual event that takes place in Singapore and focuses on Web3 developments.

✅Hayes' analyzes are often a cause for reflection throughout the crypto community, and even in this case he did not disappoint, ranging from macroeconomic trends to individual bullish forecasts of individual assets, passing through the complex dynamics of artificial intelligence.

➡️🔥Specifically, Hayes analyzed the relationship, which he said was "symbiotic", between debt, AI and the intrinsic value of Bitcoin, observing how crypto bull markets are always driven by growing liquidity of fiat currencies or by important technological advances.

“Over the past decade, one of those two factors has always been why we've had a bull market in the industry,” Hayes emphasized. “However, we have never seen a bull market where both were present at the same time.”

✅📈All this, however, could change in 2024, when both scenarios could occur. And this is precisely Hayes' gamble, who believes that a new bull-run could arise next year, not only for cryptocurrencies.

The looming challenges concern primarily American debt, with its "alarming" acceleration in the wake of the pandemic. A problem whose solution has always been (historically) to "print new money". In parallel, the development of AI, with the rapid adoption of its services (such as ChatGPT) and the growing investments in companies functional to the sector such as NVIDIA.

➡️For this reason, Hayes also underlined the importance of decentralized storage in the crypto ecosystem, which in his view will take over centralized solutions.