Arthur Hayes Discusses Money Printing and Wall Street Moving Onchain at CONNECT Event

WHY IT MATTERS

When governments and central banks create more money — sometimes called "money printing" — it can affect how people think about saving and investing. Some people in the crypto world argue that when more traditional currency is created, it can make alternative assets like Bitcoin more appealing, though this is debated. Think of it like this: if someone keeps printing more copies of a rare trading card, the original rare cards might seem more valuable by comparison. "Onchain" means conducting financial activities directly on a blockchain — a shared digital ledger — rather than through traditional systems. When large financial firms explore moving some operations onchain, it signals that blockchain technology is being evaluated for mainstream financial use, not just for crypto-native applications.