Dollar Liquidity
If Arthur Hayes Is Right: Dollar-Liquidity, BTC, ZEC and Multi-Asset Crypto Allocation
Arthur Hayes argues that weak 2025 for crypto was a dollar-credit story, not a rejection of crypto narratives. This article unpacks his thesis, the channels that turn U.S. dollar liquidity into crypto returns, and actionable portfolio frameworks for allocators.
Published at 2026-01-15 12:27:46