Arthur Hayes, one of the most followed names in the cryptocurrency world, stated that most of his predictions from last year have not come true. Stating that he continues to make money due to the general money printing policy, no matter how wrong he was, the famous investor said, "The system that broke down in 1971 is just printing money in the face of volatility. This application, which they know as a solution, will continue until the system collapses."

Arthur Hayes, one of the names whose ideas are most valued by the cryptocurrency world with his comments and transactions, admitted that most of his predictions, which he started in November of last year, did not come true.

There are 6 wrong and 2 right

Hayes stated that 6 of his 8 detailed predictions in total did not come true, and the reason he made money was that governments continued to print money:

“The over-leveraged system that emerged after the 1971 Bretton Woods meeting could not manage volatility. It simply printed money in the face of volatility. Being able to see this big picture allowed me to make money, even though I was wrong about the details.”

“The system will collapse”

Hayes stated that the policy of printing money will continue until the system collapses under corrupt administrators, and said:

"The more governments control people's lives, the more costly it becomes. They can only print money to control it. Eventually, the system will collapse. The money printed between now and the collapse of the system will exceed the money printed between 1971 and today."

“Interest rate cuts will go to zero”

Hayes, who also touched on the monetary policies of countries in his long article, stated that once the Fed started reducing interest rates, it continued until zero:

"I don't care how strong the economy is or how much inflation is going up. I think the Fed will keep cutting rates. Once they start, they usually go all the way to zero. Banks will take more money, government spending will continue to increase. These will be independent of the presidential election and its outcome."