“Arthur Hayes: The Global Macroeconomic Situation, the AI Deflation Trap, and the Future of Crypto Assets” (Written by Anthony Pompliano, compiled by Baihua Blockchain) Hayes believes that if there is an AI-driven deflationary timed bomb, and they need to print money to save the banking system, they would do exactly that—then economists will come up with the reasons. If Trump decides to take a tough stance and requires a large budget, the Federal Reserve will also cooperate by cutting interest rates and providing liquidity. Bitcoin has fallen sharply since the third quarter of last year; it may be because it sensed a deflationary period rather than expecting inflation—so Bitcoin may need to wait until deflationary pressure eases before it rebounds significantly. Banks are interested in Bitcoin because hundreds of millions of ordinary people are trading it; if Bitcoin loses its retail attribute, it would be worthless. Read more: