Folks, gather ’round! BitMEX co-founder Arthur Hayes is here to spill the beans on the latest US legislation that’s gonna make Bitcoin (BTC) and big banks go ka-ching 💸!
In his latest essay, Hayes claims the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act is the key to unlocking trillions of dollars in liquidity. And we’re not talking about your grandma’s bingo night money, we’re talking TRILLIONS 🤑!
According to Hayes, this GENIUS Act (and we’re not saying it’s actually genius, but hey, it’s a start) will let too-big-to-fail (TBTF) banks issue stablecoins and unleash up to $6.8 trillion in liquidity. That’s like finding a winning lottery ticket in your couch cushions 🎁!
TBTF banks, aka the big cheese, the head honchos, the ones who are too big to fail (but not too big to bail out, wink-wink), include megabanks like JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. You know, the ones who are so critical to the economy that if they fail, we’re all doomed 🌪️.
So, what’s the play here? Hayes says don’t bother investing in non-bank stablecoin issuers like Circle. They’re like the participation trophies of the financial world 🏆.
“The real stablecoin play isn’t betting on crusty FinTechs like Circle—it’s understanding that the US government just handed TBTF banks the launch keys to a multi-trillion-dollar liquidity bazooka disguised as ‘innovation’…
Instead, go long Bitcoin. Go long JPMorgan. Forget about Circle.” Yeah, because who needs a stablecoin when you can have a good ol’ fashioned bank-backed bazooka? 🚀
Hayes predicts that the increased liquidity from allowing banks to issue stablecoins, combined with other fiscal policy measures, could send Bitcoin soaring 10x to $1 million. That’s like finding a unicorn in your backyard 🦄!
And the stocks of the megabanks? They could skyrocket by nearly 3x as a result of the GENIUS Act. Because who doesn’t love a good stock market party 🎉?
“If we take the average price-to-earnings ratio of the TBTF banks at 14.41x and multiply that by the cost savings and stablecoin NIM (net interest margin) potential, it comes out to $3.91 trillion. The current market cap of the eight TBTF banks is approximately $2.1 trillion, which means that stablecoins could pump TBTF bank stocks on average by 184%.” Yeah, math is hard, but money is easy 💸!
Read More
- Clash Royale Best Boss Bandit Champion decks
- RAVEN2 redeem codes and how to use them (October 2025)
- Clash Royale Furnace Evolution best decks guide
- Ethereum’s Golden Cross: $4,000 Rally? Hold Your Breath!
- Kingdom Come: Deliverance 2 Gets Trial Experience On PS Plus Premium
- ESPN Might Drop Doris Burke From NBA Broadcast Team Next Season
- Kingdom Rush Battles Tower Tier List
- Chaos Zero Nightmare Combatant Tier List
- Millionaire Chicken Heir Johnny Ingham and Wife Rey Welcome Their First Baby!
- ‘SNL’ host Quinta Brunson once again teaches a comedy master class
2025-07-05 20:01