Arthur Hayes On The Early Days Of BitMEX, Where Bitcoin Is Going, And Why We Are Over-Indexing On AI

About this episode

Avi sits down with Arthur Hayes at Token2049 in Singapore — the co-founder of BitMEX, the man who invented the perpetual swap, and now the founder of FLOP Network. Arthur traces the whole arc: growing up in Buffalo with parents who worked for General Motors, reading a book in high school that convinced him to learn Chinese and move to Asia, and starting his first day on a trading desk the morning Lehman Brothers failed. Then getting fired from Citibank in 2013, finding Bitcoin, and building the exchange that would go on to invent the product every venue in crypto now runs on — including why the first version of the perp failed, and what the funding rate was actually designed to fix. Then…