Arthur Hayes “U.S. Treasury bonds are investment for fools...Bet on Bitcoin and Nasdaq”
BitMEX co-founder Arthur Hayes has made intense criticism regarding investment in US Treasuries. He recently stated in a blog, “No matter how much the US Treasury or the Fed releases money, bond yields will not meet expectations,” and argued that investing in Bitcoin and tech stocks is a better strategy than Treasuries.
Hayes emphasized, “Many financial experts still recommend bond purchases, but this is just repeating past mistakes,” and added, “Buying Bitcoin is the true smart money choice.” He pointed out that the current financial market awaits quantitative easing signals, but in reality, the market already has adequate liquidity supplied.
He also analyzed that behind the government's push for stablecoin policies lies the intent to supply liquidity to major banks. “It seems like a policy for fintech companies like Circle, but in reality, it is about converting stablecoins into a liquidity instrument so that major banks can purchase Treasury bonds,” he explained.
Hayes warned, “Even at this moment, liquidity is being released, and attention should be paid to the stablecoin structures led by the government and banks.” He added that instead of aiming for annual returns of 5-10% through bonds, betting on high-growth assets like Bitcoin and Nasdaq will provide higher expected returns.