All that matters for bitcoin’s value proposition is fiat liquidity, said Arthur Hayes, CIO of Maelstrom, at Consensus Miami 2026. Bitcoin has value because it exists outside the regulatory apparatus, said Arthur Hayes. There’s a lot of talk about tradfi and regulators and crypto coming together and having this “bastard child.” Miami, FL — Crypto doesn't need regulation – something that charting the price of bitcoin over successive U.S. governments clearly shows, according to the provocativ…
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