CONNECT recap: Arthur Hayes on money printing, Wall Street moves onchain
Arthur Hayes said governments may eventually print more money to support AI investment and manage debt, which could lift crypto prices. He argued AI firms need massive capital for data centers while service prices keep falling, leaving monetary easing as the likely solution. He also pointed to possible stimulus in China and financial stress in France as other macro forces that could support scarce assets. A panel on finance moving onchain said traditional firms have an edge because they already control customer relationships, but public blockchains can also expand their reach. Speakers noted that many users still want intermediaries for custody, risk management, and convenience. On stablecoins, Franklin Templeton said it wants to be the “yield layer” through tokenized money market funds rather than issue a stablecoin, while Codex highlighted growing cross-border payment demand on trade routes linking Latin America, Africa, and Asia. On crypto treasuries, panelists warned companies need excess liquidity and discipline before adopting them. SharpLink said both share buybacks and Ether purchases can raise ETH per share, serving different investor groups.
