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Arthur Hayes, the former head of BitMEX, has published an essay titled "The Denominator" on his Medium blog, delving into the topic of who will bear the burden of the banking crisis resulting from the Federal Reserve's deflationary policies.
Hayes presents two potential solutions to address this issue. The first solution proposes a reduction in the price of money by lowering the Fed rate. The second solution involves increasing the money supply, resulting in the devaluation of money.
According to Hayes, both of these solutions highlight Bitcoin and gold as alternative means of preserving value outside the traditional banking system.
In other news, enthusiasts of Shiba Inu (SHIB) may have something to look forward to as the community eagerly awaits a major announcement from the project's team.
Prominent SHIB supporter Lucie recently shared on Twitter that the project's team might introduce a cold wallet for Shiba Inu this week, "if everything goes well."
Lucie's tweet included a screenshot revealing other upcoming events for Shiba Inu, such as organizing a general AMA with Huobi Exchange, an AMA with Certik, and the possibility of a partnership.
Shiba Inu has garnered significant attention in the crypto world, and the potential launch of a cold wallet could be a significant development for the project.
