Arthur Hayes Slams ‘Parasitic Fiat Banking’ Printing ‘Fiat Toilet Paper,’ Says Bitcoin’s Value Set To Rise

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Arthur Hayes, co-founder of BitMEX, on Thursday talked about the Federal Reserve’s fight against inflation and its potential implications for Bitcoin (CRYPTO: BTC). What Happened: Hayes believes that Bitcoin, with its finite supply, stands to benefit from the Fed’s current strategies. He said in a blog post, “Bitcoin has a finite supply, and therefore as the denominator of fiat toilet paper grows, so will Bitcoin’s value in fiat currency terms.” Hayes emphasized that other than big tech and cryptocurrencies, he sees few investment options that can offer better returns than parking money at the…

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