Bitcoin Is Going To $250,000 (Here's Why) | Arthur Hayes

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**Arthur Hayes** (0:56)
I think we're going to print early and print often. I think that we're not going to get sort of a 2008 style like massive credit event, but we're just going to continue print and print and print. And you're going to look up and see Bitcoin at 250,000. Like what happened? There wasn't really a financial crisis.

**Anthony Pompliano** (1:10)
What's going on, guys? Today we got a great conversation with the philosopher king Arthur Hayes. In this conversation, we're going to go deep into what's going on at the US. Treasury. Scott Bessent, he wants to print a bunch of money or does he not? What's going on with Stanley Druckenmiller's op-ed? And was there maybe some agreement as to why this got published, when it got published? On top of that, we talk about Janet Yellen and what she did to destroy the US economy and why politicians across both sides of the aisle, they just ain't ever going to stop printing money. And then what does it mean for your investment portfolio? Where could you put your capital to benefit from this? And where should you not put your capital where it may get destroyed? Arthur's got a lot of ideas about that. And then last but not least, Arthur's got a brand new project he's working on to tokenize, compute and really think about what exactly is it being processed when you're using one of these AI models? How should we measure that? And how could you potentially make money without actually having to make an investment? It's very interesting ideas that got me thinking about a lot towards the end of the conversation. So here's my latest episode with Arthur Hayes.
All right, Arthur, Scott Bessent, he wants to play games. He says that he is going to bring liquidity into the market. What what's going to happen here?

**Arthur Hayes** (2:13)
As they always do, he's going to print the money, just like his predecessor, bad girl Yellen, but for Bill Bessent's gonna give us those Bessent bucks and we can buy all whatever we want to buy.
Whatever makes you happy. He's gonna give it to you.

**Anthony Pompliano** (2:26)
Now, what is he trying to accomplish here? Like he tries to get these long dated bond yields down. They kind of fall and then they go right back. Now you got Druck writing op-ed Wall Street Journal, basically saying like slapping his hand and telling him to knock it off. What's gonna happen? You think that he's gonna actually execute on this or was this more of an announcement and see if they can kind of talk the market down?

**Arthur Hayes** (2:47)
I mean, it's really strange because if you take a look at the actual up size, it was like 20 billion over the scheduled amount, which is like irrelevant in terms of the size. And like Bessent is not a fool, right? This is a guy who, you know, coordination with Druck and George Soros manipulated the pound to force the big of Elan, the cave. So I can't imagine that he thought that this was going to be the end of the game.
But at the end of the day, if he's like telegraphing to folks like us, like get ready to start buying shit because it's coming, then I think he's done exactly what he wants to do. And the Druck AI slot piece in the Wall Street Journal, I read it and I think Citerani have had an interesting tweet about like, Claude, make me a criticism of the Treasury Secretary. It's like obviously Druck didn't write this whole thing. He put it in some sort of AI. But I don't know. I mean, one of my friends is like, yeah, Druck's been trying to make the fiscal situation in the US a political issue for 20 years and nobody gives a fuck. So I'm not exactly sure why this time is going to be any different. At the end of the day, we need to listen to the politicians. Just like we listen to Yellen. They're going to put the money, 5 percent is the level.