Arthur Hayes (@CryptoHayes) is a crypto legend and the co-founder of the cryptocurrency exchange BitMEX. In this conversation we discuss bitcoin, global liquidity, macro environment, tariffs, US, China, UK, tokenization, yield, and where he thinks value will be created in the crypto industry. TIMESTAMPS: 0:00 - Intro 1:07 - Why is it time to buy everything? 7:34 - Tariff impact and trade deals 16:15 - Bitcoin’s role and price outlook 21:03 - Altcoin season is coming? 25:11 - EtherFi and Pendle 28:00 - What is Arthur’s best investment ever? 29:09 - Are bitcoin treasury companies sustainable? 35:18 - Stablecoin adoption 38:46 - Crypto exchange outlook 41:30 - Tokenized securities 43:55 - Thoughts on crypto yield 46:48 - Arthur’s current portfolio 49:12 - AI coins and other themes to pay attention to 53:16 - Crypto policy and regulation landscape 59:04 - Will we get celebrity coin season? 1:00:57 - Crypto impact on boomer wealth transfer