CONNECT recap: Arthur Hayes on money printing, Wall Street moves onchain

US policymakers could lift cryptocurrency prices by printing more money to support AI and finance government debt, according to Arthur Hayes, chief investment officer at Maelstrom fund.AI companies need trillions of dollars to finance data centers even as the prices of their services fall, Hayes said at a fireside chat at CONNECT by Cointelegraph: Seoul Edition, on Tuesday during Korea Blockchain Week.“They’ve not really given themselves a lot of options other than print money and make it less bad,” he said.BitMEX co-founder Arthur Hayes speaking at CONNECT by Cointelegraph: Seoul Edition.Hayes also discussed a possible shift in China from what he called an “austerity lite” policy to substantial monetary stimulus, which he said could revive demand for scarce assets.Related: AI credit bubble could fuel Bitcoin ‘crack-up boom’ past $1M: HayesIn Europe, he said he was monitoring financial stress in France, including credit-default swaps tied to BNP Paribas and French government bond spreads. I think the money printing will essentially happen at some point, but that’s sort of a slow motion train wreck happening underneath the surface.”Cointelegraph’s CONNECT event in Seoul featured pan...