Arthur Hayes: The new popular narrative in TradFi is the "devaluation trade," and they don't care about crypto's "four-year cycle"

ChainCatcher News, BitMEX co-founder Arthur Hayes published an article stating that the new popular narrative in TradFi is the "debasement trade." It took them nearly twenty years to notice. Don't think for a second that they will forget this just because of bitcoin's "four-year cycle." Now it's the bankers' turn to sell gold, cryptocurrencies, and tech stock derivatives to their clients.

The so-called "debasement trade" refers to investors seeking to protect wealth or gain returns in an environment of currency devaluation by allocating their asset portfolios accordingly. This usually involves investing in asset classes that perform well during periods of inflation or currency debasement.