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Arthur Hayes Says Bitcoin's Value Comes From Fiat Liquidity, Not Regulation

2026-05-07 10:29:22

Abstract generation in progress

Arthur Hayes said at Consensus Miami 2026 that Bitcoin’s value comes from fiat liquidity rather than regulation. Hayes pointed to bank bailouts, pandemic stimulus, and other expansions of fiat supply as the main drivers of Bitcoin’s rise.

BTC-1.3%

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