₿ **Crypto's value is from being outside regulatory apparatus, says Arthur Hayes**

All that matters for bitcoin’s value proposition is fiat liquidity, said Arthur Hayes, CIO of Maelstrom, at Consensus Miami 2026.

🔗 https://www.coindesk.com/business/2026/05/05/crypto-doesn-t-need-regulation-its-value-is-being-outside-regulatory-apparatus-says-arthur-hayes

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