Arthur Hayes claims that the removal of US private investors from the crypto capital market is out of place

Arthur Hayes claims that the removal of US private investors from the crypto capital market is out of place

The ongoing measures to enforce the supervisory authorities threaten to drive US crypto companies abroad. The effects of such a shift on the country's economy are considerable, which is reflected in falling crypto prices and the investors are even more nervous.

While the concerns of the market with regard to a possible retreat of the US privat investor from the crypto capital markets are felt, Arthur Hayes believes that the fear is out of place.

elimination of US small investors from crypto

In a recently published blog post, former Bitmex CEO Arthur Hayes said that it was not clever if private investors sell cryptocurrencies together with institutions based in the USA. He explained that it was completely irrelevant whether the wealthy mass and below Bitcoin or a sub -group of "SHITCOINS" could have or act. Even if the Broker platform Robinhood would continue to allow them to trade "XYZ-Hitcoin", they would not have the available capital anyway.

"The capital of the rich, on the other hand, is much more abundant and interchangeable all over the world - all thanks to a variety of intermediaries who take care of the American rich and do dutiful what is told as long as they do." Get a fat commission. ”

Hayes pointed out that the US population is about 4 % of the world's population. Even if "this is only an extremely small piece of the cake", the proportion of wealthy private individuals is quite high compared to everyone else in the world. Therefore, investors are important what such a small population does with their money.

If the US government decides to distribute another round of "freshly printed money"-as it did with the Covid economy package, but in the form of interest-it will not be the wealthy mass that has little or no savings. Hayes said that instead, the funds would flow directly to the top 10 % or only to the top 1 % that have the majority of the assets in America. This money will then be invested in "different forms of property and value preservatives".

This rich cohort, which the Bitmex founder sees as "the most spanked people in the world", has access to all financial facilities traded worldwide, even if they are Americans. This essentially means that you can easily buy it from the companies Cumberland, Nydig and the OTC trade switches of the crypto exchanges based in the USA such as coinbase and octopuses that specialize in the sale of crypto to "rich people".

hayes said it was unclear to sell cryptocurrencies when the market is at the low point after buying above because it is important to look at Asia, since the silent currency war between China and Japan will lead to competitiveness in export to a significant lending through the second largest economy. It is expected that this lending will ultimately weaken the Yuan and some of the wealthy people of China will cause their capital to transfer their capital towards, even in cryptocurrencies.

It comes China

Despite China's general ban on cryptocurrencies, retailers are slowly experiencing a comeback through the financial channels of Hong Kong. At the beginning of this month, the Securities and Futures Commission (SFC) of the city state began to accept applications for licenses for crypto trading platforms.

A Hong Confer legislator even invited Coinbase based in San Francisco to register in the region. It has recently been reported that the Hong Kong Monetary Authority put large financial institutions such as HSBC, Standard Chartered and Bank of China under pressure to accept crypto customers.

The laying of the red carpet for global crypto exchanges that were exposed to an official examination in the west is another factor that Hayes believes that it will revive the market while the "bankruptcy American well-being".

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