TradFi and DeFi markets are in motion, responding to Trump’s tariffs, but a giant injection of liquidity could be on the way.

Maelstrom CIO Arthur Hayes provides his expertise on economic policy, macro movements, and political implications, delving into a variety of topics, including:

Trump’s rationale for tariffs
The possibility of a “fiat liquidity bonanza” and what it means for crypto
What the Hyperliquid brouhaha reveals about decentralization dreams
How Ethena might be an attack on Ethereum
The value prop of Circle’s IPO
Future price expectations for BTC, ETH, and SOL

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

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Guest:

Arthur Hayes, CIO of Maelstrom
Previous appearances on Unchained:
How Arthur Hayes Has Prepared His Portfolio for the Elections

Links

Previous coverage on Unchained:

Tariffs, Hyperliquid, and $1 million Bitcoin

Trump pardon:

Timestamps:

👋0:00 Intro

😰 4:07 Does Trump’s tariff rationale make sense?

💲 10:49 The upcoming “fiat liquidity bonanza” and what it means for crypto

🫤 20:18 What’s wrong with a Bitcoin Strategic Reserve?

💥 24:20 The Hyperliquid brouhaha and the decentralization pipe dream

💪 32:04 Why Binance and OKX “fatal blow” on Hyperliquid didn’t work

⚖️ 37:57 Trump’s pardon of Hayes and his visit to Mar-a-Lago

👀 46:27 How Ethena’s Converge chain affects Ethereum

🤼‍♀️ 52:58 SOL vs ETH: Which is a better buy right now?

😬 57:12 Hayes’ opinion of USDC’s Circle filing for an IPO

🤔 1:00:18 How does Hayes suss out potential investments?

📈 1:03:11 Price predictions on BTC, ETH and SOL

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Kimberly Strassel - August 17th, Hour 3