GG Membership Pass offers exclusive benefits for Web3 gaming enthusiasts to explore Decrypt's Art, Fashion, and Entertainment Hub and discover SCENE. Macro-analyst Arthur Hayes challenges the conventional wisdom about Bitcoin's relationship with interest rates, arguing that traditional economic logic will crumble under the U.S. government's exorbitant amount of debt.
Hayes believes that bondholders may seek yield in more rewarding "risk assets" like Bitcoin as long as the economy continues to expand at a faster rate than the government will pay out through its debt. Analysts generally view lower rates as good for Bitcoin and other risk assets, as cheap money leaves room for investors to speculate for potentially higher returns.
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