Arthur Hayes, co-founder of BitMEX and Chief Investment Officer at Maelstrom Fund, discussed the current macroeconomic environment and its impact on Bitcoin’s BTC/USD integration into the legacy financial system, forecasting its potential rise to a $1 million valuation.

What Happened: In an interview with Anthony Pompliano, Hayes delved into the macroeconomic conditions, saying “the macro environment is insane.”

“Real yields…are negative and have been negative since the global financial crisis,” he explained, emphasizing the imbalance between government bond yields and the economic growth rate.

This scenario, according to Hayes, incentivizes investors to seek alternatives that offer…

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