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05 - Network State Conference 2025 - Fireside with Arthur Hayes and Balaji
8 segments available
Arthur Hayes is the billionaire cofounder of BitMEX and Maelstrom. In this fireside chat with Balaji, he covers his macro worldview, his new stem cell company, and why Arthur believes code is more predictable than law. X - https://x.com/cryptohayes IG - https://www.instagram.com/cryptohayes/ LinkedIn - https://www.linkedin.com/in/arthur-hayes-b493b42/ Substack - https://cryptohayes.substack.com/ OUTLINE 0:44 - Is the bull market over in crypto? 2:30 - Central banks will buy gold 5:50 - Taking a risk on stem cells 7:35 - The Fed hasn't sold a single bond longer than 10 years 12:00 - The code-based order is much more reliable than the local order. 13:20 - Stablecoins are a new banking license. 15:30 - Trump got debanked, which allowed for stablecoins 17:02 - People's attachment to the lottery ticket of birth. LINKS Network State Conference: https://ns.com/conference Full Network State Conference 2025 playlist: https://www.youtube.com/playlist?list=PLJg2RipiXz8oDoMPCsmOVI_UEaSNbgjA6
Segments Timeline
Get Your Bitcoin and Get Out
Arthur discusses the urgency of converting fiat money to Bitcoin amid looming economic changes.
"[Applause] All right, Arthur, welcome. >> Morning. All right, so uh Arthur and I believe a lot of similar things. We come at it from very different angles. Arthur, you had a quote a few years ago. Uh ..."
Gold to Bitcoin: The Currency Shift
This segment explores the evolving roles of gold and Bitcoin as reserve currencies in response to historical economic patterns.
"because some people, you know, they think it was like a four-year cycle, others think it was an 80ear cycle. Others are like it's like a 500year cycle because, you know, you've had a boomerang of the ..."
Pushing Limits with Stem Cells
Exploring the journey of investing in stem cell therapy for longevity and personal health.
"Frank doing some sort of uh South Sea bubble and all that kind of stuff. So yes, governments go on and off the gold standard uh all the time, but there has been this anchor that has kept people honest..."
Medical Bravery in Longevity Research
A discussion on the risks and advancements in longevity treatments, including the influence of financial trends.
"planes. No train crashes, no trains, right? So, someone has to actually take that risk. So, you know, we should start giving out awards for that kind of thing, for like medical bravery. Um, so stem ce..."
The Scarcity Behind American Strength
This segment explores the paradox of the U.S. projecting strength while facing economic scarcity and the implications of tariffs on trade.
"which tells you something as an investor is like if the person who can print money has no economic accountability for their P&L doesn't want uh isn't you know selling these things what's actually goin..."
The Rise of the Code-Based Order
This segment explores how the shift towards a code-based order, exemplified by Bitcoin, challenges traditional regulations and tariffs in the United States.
"the the rest of it. Would you agree with that? Like whether they whether it's like fully conscious or not, it is taking a position of we don't want to actually spend any more on this stuff. >> Yeah. A..."
Disrupting Banking with Stablecoins
Exploring how stablecoins can transform traditional banking functions and disrupt established financial institutions.
"we can push that. Like obviously with Bitcoin, I think it's already there. With Ethereum, for some smart contracts, it's already there like unis swap or things like that. How far do you think we can p..."
Building a New Digital Nation
This segment explores the concept of creating a decentralized nation using cryptocurrencies and digital identities.
"sure banks in China employ millions of people doing all sorts of nonsense you know you can't just fire all of them because that's just bad politically and so even if every CEO of a bank fully believes..."