**Breaking News: Bitcoin, a Government-Printed Fiat Release Valve?**

Arthur Hayes, co-founder of BitMEX, has an interesting theory! According to him, Bitcoin is a "release valve" for fiat printed by traditional governments to suppress volatility in the financial market. 🤑

- In his essay "Volatility Supercycle," Hayes explains that printing money by politicians to create economic calm actually triggers volatility in crypto and pushes the value of digital assets to new peaks.

- Hayes argues that the financial system is too indebted, so the Federal Reserve's (Fed) money printing policy continues. The deeper this fiat "ball" is pressed, the more energy (money) is needed to hold it.

- Interestingly, Hayes mentions that volatility in the traditional financial system is extreme, especially in the United States because they are very concerned with the bond market that supports the dollar (USD).

- Since the 2008 financial crisis, bank credit has never been fully withdrawn. Banks are forced to create more credit to "suppress" volatility.

- Hayes added that the goal of every investor should be to acquire Bitcoin (BTC) at the lowest cost, because the volatility of Bitcoin vs fiat is an asset.

What do you think? Agree with Hayes' theory? Let's discuss in the comments column!