Arthur Hayes says money creation could push crypto prices higher as institutions continue exploring on-chain finance

AT A GLANCE

Arthur Hayes said that U.S. and Chinese monetary easing could boost crypto assets; several institutional participants discussed on-chain finance, stablecoins, and ETH treasury strategies.

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【Arthur Hayes: Money creation could drive crypto prices higher】

Arthur Hayes said that U.S. policymakers may support the AI industry and government debt financing through money creation, driving crypto prices higher; if China shifts from limited tightening to large-scale monetary stimulus, it could also boost demand for scarce assets. He is also watching financial stress in France, including BNP Paribas-related credit default swaps and French government bond spreads. Portal Ventures General Partner Catrina Wang said that banks and asset managers have an advantage in on-chain financial markets due to their existing client relationships. R3 co-founder Todd McDonald noted that public blockchains can help institutions reach clients beyond their own networks; World Liberty Financial Executive Vice President of Growth Justin Kugel said that users' needs for asset management and investment evaluation still leave room for intermediaries. Franklin Templeton Senior Vice President of Digital Assets Client Relations Chetan Karkhanis said that the company has no intention of issuing its own stablecoin and hopes tokenized money market funds can provide investment returns. Codex co-founder and CEO Haonan Li said that trade routes linking Latin America, sub-Saharan Africa, and Asia are driving demand for stablecoin payments; buyers pay eastward for goods, while manufactured goods flow westward. FinHarbor co-founder and CEO Ilya Podoynitsyn said that before allocating to crypto assets, companies need to confirm they have long-term idle funds that will not affect day-to-day operations. SharpLink Chief Development Officer Michael Camarda said that stock buybacks and increasing ETH can both raise per-share ETH holdings; the company uses both approaches to meet the preferences of institutional and retail investors.

Key points

Arthur Hayes said that U.S. policymakers may support the AI industry and government debt financing through money creation, driving crypto prices higher.
Arthur Hayes said that if China shifts from limited tightening to large-scale monetary stimulus, it could also boost demand for scarce assets.
Arthur Hayes is watching financial stress in France, including BNP Paribas-related credit default swaps and French government bond spreads.
Catrina Wang said that banks and asset managers have an advantage in on-chain financial markets due to their existing client relationships.
Todd McDonald noted that public blockchains can help institutions reach clients beyond their own networks.
Justin Kugel said that users' needs for asset management and investment evaluation still leave room for intermediaries.
Chetan Karkhanis said that Franklin Templeton has no intention of issuing its own stablecoin and hopes tokenized money market funds can provide investment returns.
Haonan Li said that trade routes linking Latin America, sub-Saharan Africa, and Asia are driving demand for stablecoin payments.
Ilya Podoynitsyn said that before allocating to crypto assets, companies need to confirm they have long-term idle funds that will not affect day-to-day operations.
Michael Camarda said that SharpLink raises per-share ETH through stock buybacks and increasing ETH holdings.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This content primarily compiles the views of several industry participants. Arthur Hayes believes that if the United States creates more money, or if China shifts to large-scale monetary stimulus, market demand for crypto assets and other scarce assets could rise. Other comments concern traditional financial institutions' participation in on-chain markets, stablecoins for cross-regional trade payments, tokenized money market funds, and corporate ETH treasury strategies. These policy effects are scenario-based assessments and do not mean that the relevant policies have already been implemented or that prices will certainly rise.

Why it matters to readers

The content links monetary policy, institutional on-chain business, stablecoin payments, and corporate ETH allocations, which may serve as clues for observing sources of crypto market demand. However, the original text provides no information on policy implementation, transaction scale, payment volume, or the scale of asset accumulation, so it cannot confirm a market trend.

Beginners can use this to understand common narratives: an increase in money supply may affect demand for crypto assets; stablecoins can be used for cross-regional payments; and companies may form crypto asset treasuries by holding ETH. Do not treat interviewees' predictions as certain outcomes or investment advice.

Risks and unknowns

Whether U.S. policymakers will support the AI industry and government debt financing through money creation remains unconfirmed.

Arthur Hayes says money creation could push crypto prices higher as institutions continue exploring on-chain finance

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