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Arthur Hayes

Angel Investor / Writer

BitMEX Ventures
SeedSeries AStrategicDeFiDerivativesInfrastructureTrading

Investment Thesis

Co-founded BitMEX, pioneered crypto perpetual futures. Now runs Maelstrom fund investing in DeFi and crypto infrastructure. Known for macro-driven crypto thesis and provocative market commentary.

What Excites Them

DeFi derivatives. Crypto macro plays. Bitcoin and Ethereum ecosystem infrastructure.

What They Pass On

Projects ignoring macro context, boring execution without narrative

How to Pitch

Write about your project clearly. Arthur values strong writing and clear thinking. Reach out through Maelstrom's network.

Key Frameworks

Liquidity-Driven Crypto Cycles

Every crypto cycle is driven by global liquidity conditions. Follow central bank policy to predict crypto.

Notable Writing

The Easy Buttonessay

Why the next crypto rally will be driven by monetary policy easing

Heatwaveessay

Bitcoin as a hedge against fiscal irresponsibility

Water, Water, Everywhereessay

Analysis of global liquidity conditions and crypto implications

Group of Foolsessay

Criticism of G7 monetary policy and its implications for Bitcoin

Dust on Crustessay

Macro analysis of crypto cycles and Bitcoin halving implications

Bouncy Castleessay

Analysis of Bitcoin price action around the halving

Kite or Boardessay

Analysis of Fed policy and its impact on crypto markets

Speechlessessay

On stablecoins and the dollar system

Patience is Beautifulessay

Why timing crypto markets requires patience and macro understanding

Maelstromessay

Named his family office Maelstrom, reflecting crypto market chaos

Podcast Appearances

The Macro Crypto ThesisBankless
macroBitcoincycles
Macro Crypto CyclesUpOnly
macrocyclesliquidity

Key Quotes

The printer goes brrr, and Bitcoin goes up. It really is that simple in the long run.

Blog

Every crypto cycle is driven by excess liquidity. Follow the money, not the narratives.

Blog

Background

Co-founded BitMEX in 2014, creating the first Bitcoin perpetual swap contract. Stepped down as CEO after regulatory issues. Now runs Maelstrom family office fund. Prolific writer on crypto macro at his Substack.

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