In the twilight of corrupted empiresâwhile rats scurry behind velvet curtains of powerâArthur Hayes, once lord of the digital coin pit, tosses his prediction into the world like a half-smoked cigarette: Bitcoin, that stubborn cyber-orphan, will claw its way to one million dollars by 2028. Not, as the wide-eyed onlookers would have it, because of the almighty Federal Reserve, but rather in spite of it.
âLook beyond the Fed,â he grumbles, as if nursing a hangover from too much economic theory. âThe old man in the chair? Just a puppet. Whether he calls himself Powell or Pauli or El Presidente, heâs about as influential as a pigeon at a banquet. The real vodka in the punch bowl comes from the Treasury.â
Itâs the Treasury Secretary now playing puppeteer with Americaâs debts, propping up the old house with buybacks and clever tricks, keeping the dollarâs river flowing. Hayes rolls his eyes at fiscal responsibility: âAmericans wouldnât recognize austerity if it rear-ended their pickup truck.â
He wags a finger over what he calls a performative brawl between the U.S. and China. âA âtrade dealâ? Bah! More like two actors auditioning for the same partâone needs to look tough for an election, and the other needs to look tough for history textbooks. Underneath, theyâre trading more assets than compliments at a dinner for thieves.â
Tariffs are for show. Taxes on foreign cashânow weâre talking! âWatch closely while the illusionists work,â Hayes mutters with the grim satisfaction of a man whoâs watched too many scams go unpunished. He warns of forced bond swaps and debts stretched so far the digits lose all sense of meaning, because heaven forbid you tell the American stomach to shrink.
As for China? âThey say they want out, but math is a jealous loverâtheyâll keep buying what Americaâs selling, eyes wide open, pretending theyâre not funding the neighborâs party.â And what does all this mean for Bitcoin? Simply put, a tide of dollars so reckless it floods every crack, and a digital fortress built to keep dry whatâs left of honest value.
And Hayes, always a man who bets with grim humor, keeps most of his wealth tied up in Bitcoinâa chunk in Ethereum, and the rest scattered across what he affectionately calls âquality shitcoins,â as if picking over rotten apples hoping for a sliver of sweetness.
âPeople want coins that can actually plow a field or at least pretend to,â he sighs, ânot just tokens that sparkle in the light and crumble at first touch.â His gospel is clear: Bitcoin wonât hit a million through wild-eyed dreaming, but through the slow, inevitable collapse of a system fat on illusion, where everyone with pockets is grasping for something that wonât wash away in the storm.
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2025-05-09 12:22