Arthur Hayes: Circle adoption by TradFi boosts crypto assets
@CryptoHayes: Hayes: Circle boosts cryptos
Arthur Hayes, co-founder of BitMEX, acknowledges the significance of traditional finance (TradFi) entities engaging with cryptocurrency firms, specifically noting Circle's role.
Hayes points out that the interest in Circle, known for its stablecoin USDC, demonstrates a positive trend for cryptocurrency markets. In a recent tweet, Hayes mentions that as much as he criticizes Circle, the involvement of TradFi institutions buying into crypto is beneficial for digital asset portfolios. This highlights a growing acceptance of cryptocurrencies within the broader financial ecosystem.
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Hayes’s perspective on the entry of traditional financial players into crypto aligns with his prior emphasis on the interconnectedness of global markets, as seen in his analysis of risks in Japan’s bond market and the potential for Bank of Japan intervention amid insurer pressures. As the digital asset space continues to evolve, his caution against digital scams, particularly regarding fake profiles on Instagram, underscores the importance of vigilance for participants navigating both established and emerging financial ecosystems.
In the previous news, tweet author Arthur Hayes discussed market risks and central bank strategies.
