Arthur Hayes, the founder of BitMEX, just made a bold prediction: Bitcoin and JPMorgan are about to soar, thanks to a new wave of stablecoins from big U.S. banks.
🏦 What’s the Big Idea?
Hayes says U.S. Treasury Secretary Scott Bessent is planning to pump more money into the economy — but without printing more dollars.
Instead, the government will use new financial tools like bank-issued stablecoins and regulatory changes to inject liquidity — basically, adding fresh money into the system.
“Bessent is done playing nice. It’s time to flood the world with money,” Hayes joked in his blog.
💸 Stablecoins = Trillions in Buying Power
JPMorgan already has its own stablecoin, JPMD, which lets it:
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Digitize customer deposits
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Skip some compliance costs
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Use those digital dollars to buy U.S. Treasury bills (T-bills)
Hayes says this move could give big banks $6.8 trillion in buying power to scoop up U.S. government debt.
This would help the government manage its massive debt — without needing help from the Federal Reserve.
📈 Winners: JPMorgan and Bitcoin
If JPMorgan turns even a small part of its deposits into stablecoins, it could earn huge profits by buying T-bills and boost its stock value.
Bitcoin also benefits because:
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This creates more demand for U.S. debt
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That keeps interest rates lower
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And more liquidity (money) in the market helps risk assets like Bitcoin rise
“This isn’t about Circle or other crypto startups,” Hayes said.
“This is about the U.S. giving big banks the power to fire off a liquidity bazooka.”
🌐 Ethereum Could Win Too
The JPMorgan stablecoin (JPMD) will run on Base, a network built on Ethereum. That means:
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Ethereum will handle more stablecoin transactions
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More demand for Ethereum’s network = more earnings for ETH holders and stakers
Some analysts say Ethereum could even become the new favorite for corporate treasuries because of its staking rewards — something Bitcoin doesn’t offer.
Hayes didn’t talk much about Ethereum, but it’s clear it’s quietly powering the whole system.
🚀 Bottom Line
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The U.S. may be quietly using big bank stablecoins to fund its debt.
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That means more money flowing into the economy, without calling it “money printing.”
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Bitcoin, JPMorgan, and Ethereum are the biggest winners if this plays out.
Disclaimer: This article is only for
information and not financial advice. The opinions shared here may be the
writer’s personal views. Please do your own research before making any
investment choices. We are not responsible for any money you may lose.
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