Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, has shared his thoughts on the current economic situation in a recent tweet. According to Hayes, the world may be "getting closer to money printer go brrrr," referring to the concept of printing money to stimulate the economy.
Hayes drew parallels to the 2008 financial crisis, when the Troubled Asset Relief Program (TARP) was initially implemented but failed to prevent the market from falling and financial institutions from collapsing. Eventually, the government turned to print money to address the crisis. Hayes believes that the current situation may follow a similar trajectory.
Getting closer to money printer go brrrr.
— Arthur Hayes (@CryptoHayes) March 12, 2023
Remember in 2008 they tried TARP first, market kept falling and FIs kept biting the dust. Then they eventually switched on the money printer. I surmise this might follow a similar trajectory.
Let’s see how big the bazooka is. pic.twitter.com/Og5fXVVjB1
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