BitMEX-in h\u0259mt\u0259sis\u00e7isi Arthur Hayes Bitcoin-in bazara investorlar t\u0259r\u0259find\u0259n az qiym\u0259tl\u0259ndiril\u0259n b\u00f6y\u00fck kredit \u015fokunun yax\u0131nla\u015fd\u0131\u011f\u0131n\u0131 g\u00f6st\u0259r\u0259n siqnal g\u00f6nd\u0259rdiyin\u0259 dair inanc\u0131n\u0131 ifad\u0259 edib. Substack-d\u0259 d\u0259rc olunmu\u015f \u201cThis Is Fine\u201d adl\u0131 \u0259n son esseyind\u0259 Hayes Bitcoin-in (BTC) \u201cqlobal fiat likvidliyi \u00fc\u00e7\u00fcn yan\u011f\u0131n siqnal\u0131\u201d rolunu oynad\u0131\u011f\u0131n\u0131, maliyy\u0259 bazarlar\u0131n\u0131n \u00fcmumi sa\u011flaml\u0131\u011f\u0131 bar\u0259d\u0259 x\u0259b\u0259rdarl\u0131q sistemi kimi xidm\u0259t etdiyini iddia edir. Hayes-\u0259 g\u00f6r\u0259, Bitcoin-in d\u0259y\u0259rinin son k\u0259skin eni\u015fi n\u0259z\u0259rd\u0259n qa\u00e7\u0131r\u0131lmamal\u0131 kritik g\u00f6st\u0259ricidir.<\/p>\n
Hayes-in iddias\u0131 Bitcoin-in m\u0259rk\u0259zl\u0259\u015fdirilm\u0259mi\u015f, geni\u015f izl\u0259nil\u0259n aktiv kimi qlobal likvidlik d\u0259yi\u015fiklikl\u0259rin\u0259 y\u00fcks\u0259k h\u0259ssas olmas\u0131 ideyas\u0131na \u0259saslan\u0131r. Bitcoin-in qiym\u0259ti k\u0259skin d\u00fc\u015fd\u00fckd\u0259, oldu\u011fu kimi, bu, geni\u015f maliyy\u0259 bazarlar\u0131nda likvidliyin daralma\u011fa ba\u015flad\u0131\u011f\u0131na dair erk\u0259n x\u0259b\u0259rdarl\u0131q \u0259lam\u0259ti ola bil\u0259r. Bu likvidlik daralmas\u0131 kredit bazarlar\u0131na d\u0259rin t\u0259sir g\u00f6st\u0259r\u0259 bil\u0259r v\u0259 potensial olaraq kredit b\u00f6hran\u0131na s\u0259b\u0259b ola bil\u0259r. Hayes-in narahatl\u0131\u011f\u0131 odur ki, cari bazar \u015f\u0259raiti il\u0259 maliyy\u0259 sisteml\u0259rind\u0259 s\u00fcni intellektin (AI) formala\u015fan rolu birl\u0259\u015f\u0259r\u0259k v\u0259ziyy\u0259ti daha da g\u0259rginl\u0259\u015fdir\u0259 v\u0259 misli g\u00f6r\u00fcnm\u0259mi\u015f kredit \u015fokuna g\u0259tirib \u00e7\u0131xara bil\u0259r.<\/p>\n
Maliyy\u0259 bazarlar\u0131nda s\u00fcni intellektin i\u015ftirak\u0131 yeni bir m\u00fcr\u0259kk\u0259blik v\u0259 potensial sabitsizlik qat\u0131n\u0131 yarad\u0131r. N\u00fcmun\u0259 v\u0259 m\u0259lumatlara \u0259saslanaraq q\u0259rar q\u0259bul etm\u0259k \u00fc\u00e7\u00fcn n\u0259z\u0259rd\u0259 tutulmu\u015f s\u00fcni intellekt sisteml\u0259ri b\u0259z\u0259n bazar tendensiyalar\u0131n\u0131 g\u00fccl\u0259ndir\u0259 bil\u0259r ki, bu da bazar \u015f\u0259raitind\u0259 s\u00fcr\u0259tli d\u0259yi\u015fiklikl\u0259r\u0259 s\u0259b\u0259b olur. \u018fg\u0259r s\u00fcni intellekt \u0259sasl\u0131 investisiya strategiyalar\u0131 eyni zamanda geri \u00e7\u0259kilm\u0259y\u0259 v\u0259 ya riskd\u0259n qa\u00e7ma\u011fa ba\u015flayarsa, bu, kreditl\u0259rin s\u00fcr\u0259tl\u0259 s\u0259rtl\u0259\u015fm\u0259sin\u0259 v\u0259 n\u0259tic\u0259d\u0259 b\u00f6hrana s\u0259b\u0259b ola bil\u0259r. Hayes x\u0259b\u0259rdarl\u0131q edir ki, bazarlar s\u00fcni intellektin maliyy\u0259 sabitliyin\u0259 potensial t\u0259sirini v\u0259 kredit b\u00f6hran\u0131n\u0131n yaranma ehtimal\u0131n\u0131 az qiym\u0259tl\u0259ndirirl\u0259r.<\/p>\n
Hayes-in Bitcoin-i t\u0259svir etm\u0259k \u00fc\u00e7\u00fcn \u2019qlobal fiat likvidliyi \u00fc\u00e7\u00fcn yan\u011f\u0131n siqnal\u0131\u201c ifad\u0259sini i\u015fl\u0259tm\u0259si kriptovalyutan\u0131n qlobal maliyy\u0259 sa\u011flaml\u0131\u011f\u0131n\u0131n k\u00f6m\u00fcr m\u0259d\u0259nind\u0259ki kanarya rolunu vur\u011fulay\u0131r. Bitcoin-in qiym\u0259ti k\u0259skin d\u00fc\u015fd\u00fckd\u0259, bu, investorlar\u0131n riskd\u0259n \u00e7\u0259kindiyini v\u0259 daha t\u0259hl\u00fck\u0259siz aktivl\u0259r axtard\u0131\u011f\u0131n\u0131 g\u00f6st\u0259r\u0259 bil\u0259r ki, bu da tez-tez daha geni\u015f maliyy\u0259 geril\u0259m\u0259sinin \u00f6nc\u00fcl\u00fc olur. Buna g\u00f6r\u0259 d\u0259 Bitcoin-in d\u0259y\u0259rinin k\u0259skin eni\u015fi maliyy\u0259 bazarlar\u0131n\u0131n \u0259sas sa\u011flaml\u0131\u011f\u0131na daha yax\u0131ndan bax\u0131lmas\u0131 t\u0259l\u0259b ed\u0259n x\u0259b\u0259rdarl\u0131q \u0259lam\u0259ti kimi q\u0259bul edilm\u0259lidir.<\/p>\n
\u201cThis Is Fine\u201d \u0259s\u0259rind\u0259 Hayes Bitcoin-in qiym\u0259t h\u0259r\u0259k\u0259tl\u0259rinin maliyy\u0259 g\u0259rginliyinin erk\u0259n g\u00f6st\u0259ricisi kimi nec\u0259 xidm\u0259t ed\u0259 bil\u0259c\u0259yini \u0259trafl\u0131 izah edir. O, Bitcoin-in he\u00e7 bir konkret iqtisadiyyatla ba\u011fl\u0131 olmamas\u0131n\u0131 v\u0259 he\u00e7 bir m\u0259rk\u0259zi bank t\u0259r\u0259find\u0259n t\u0259nziml\u0259nm\u0259m\u0259sini \u0259sas g\u0259tir\u0259r\u0259k, onun qiym\u0259tinin risk v\u0259 likvidlikl\u0259 ba\u011fl\u0131 qlobal sentimentin g\u00f6st\u0259ricisi oldu\u011funu iddia edir. Bitcoin-in qiym\u0259tind\u0259, son vaxtlar m\u00fc\u015fahid\u0259 olunan k\u0259skin azalma, qlobal investorlar\u0131n getdikc\u0259 daha ehtiyatl\u0131 olduqlar\u0131n\u0131, ehtimal ki, \u0259h\u0259miyy\u0259tli bir iqtisadi hadis\u0259ni g\u00f6zl\u0259y\u0259r\u0259k bel\u0259 davrand\u0131qlar\u0131n\u0131 g\u00f6st\u0259rir.<\/p>\n
Hayes t\u0259r\u0259find\u0259n AI-\u0259sasl\u0131 kredit b\u00f6hran\u0131n\u0131n proqnozu, AI texnologiyalar\u0131n\u0131n maliyy\u0259 sisteml\u0259rin\u0259 getdikc\u0259 daha \u00e7ox inteqrasiya olunmas\u0131n\u0131 n\u0259z\u0259r\u0259 alaraq x\u00fcsusil\u0259 diqq\u0259t\u0259layiqdir. AI investisiya q\u0259rarlar\u0131nda, risk idar\u0259\u00e7iliyind\u0259 v\u0259 h\u0259tta t\u0259nziml\u0259yici uy\u011funluqda daha geni\u015f yay\u0131ld\u0131qca, onun bazar n\u0259tic\u0259l\u0259rin\u0259 t\u0259sir etm\u0259 potensial\u0131 art\u0131r. Lakin AI-\u0259 artan bu as\u0131l\u0131l\u0131q AI-\u0259sasl\u0131 bazar sabitsizliyi v\u0259 Hayes-in x\u0259b\u0259rdarl\u0131\u011f\u0131na g\u00f6r\u0259 kredit b\u00f6hran\u0131 da daxil olmaqla yeni riskl\u0259r yarad\u0131r.<\/p>\n
N\u0259tic\u0259 etibaril\u0259, Bitcoin-in k\u0259skin eni\u015fi il\u0259 siqnal veril\u0259n yax\u0131nla\u015fan kredit b\u00f6hran\u0131 bar\u0259d\u0259 Arthur Hayes-in x\u0259b\u0259rdarl\u0131\u011f\u0131 m\u00fcasir maliyy\u0259 bazarlar\u0131n\u0131n m\u00fcr\u0259kk\u0259b v\u0259 qar\u015f\u0131l\u0131ql\u0131 \u0259laq\u0259li t\u0259bi\u0259tini vur\u011fulay\u0131r. Bu bazarlarda s\u00fcni intellektin rolu geni\u015fl\u0259ndikc\u0259, g\u00f6zl\u0259nilm\u0259z n\u0259tic\u0259l\u0259rin potensial\u0131 da art\u0131r. Hayes-in essesi ehtiyatl\u0131 olma\u011f\u0131n vacibliyini v\u0259 texnoloji yenilik, maliyy\u0259 bazarlar\u0131 v\u0259 iqtisadi sabitlik aras\u0131ndak\u0131 qar\u015f\u0131l\u0131ql\u0131 t\u0259siri daha d\u0259rind\u0259n anlama\u011f\u0131n z\u0259ruriliyini xat\u0131rlad\u0131r. Bitcoin-in d\u0259y\u0259rinin k\u0259skin enm\u0259si yaln\u0131z bazar dal\u011falanmas\u0131 olmaya bil\u0259r; bu, investorlar, siyas\u0259t\u00e7il\u0259r v\u0259 maliyy\u0259 analitikl\u0259ri \u00fc\u00e7\u00fcn diqq\u0259t t\u0259l\u0259b ed\u0259n kritik x\u0259b\u0259rdarl\u0131q \u0259lam\u0259ti ola bil\u0259r.<\/p>","protected":false},"excerpt":{"rendered":"
Arthur Hayes, the co-founder of BitMEX, has expressed his conviction that Bitcoin is sending a signal to the market, indicating that a significant credit shock is on the horizon, which is being underestimated by investors. In his most recent essay, titled “This Is Fine,” published on Substack, Hayes presents the argument that Bitcoin (BTC) functions as a “global fiat liquidity fire alarm,” serving as a warning system for the overall health of the financial markets. The recent sharp decline in Bitcoin’s value is, according to Hayes, a critical indicator that should not be overlooked. Hayes’ assertion is rooted in the idea that Bitcoin, due to its unique position as a decentralized, widely-tracked asset, is highly sensitive to changes in global liquidity. When Bitcoin’s price drops sharply, as it has been, it may be an early warning sign that liquidity in the broader financial markets is beginning to tighten. This tightening of liquidity can have profound effects on credit markets, potentially leading to a credit crisis. Hayes’ concern is that the current market conditions, combined with the emerging role of Artificial Intelligence (AI) in financial systems, could exacerbate the situation, leading to an unprecedented credit shock. The involvement of AI in …<\/p>","protected":false},"author":1,"featured_media":1629,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40,37],"tags":[],"class_list":["post-1630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/chaincapital.news\/az\/wp-json\/wp\/v2\/posts\/1630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chaincapital.news\/az\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chaincapital.news\/az\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/az\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/az\/wp-json\/wp\/v2\/comments?post=1630"}],"version-history":[{"count":0,"href":"https:\/\/chaincapital.news\/az\/wp-json\/wp\/v2\/posts\/1630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/az\/wp-json\/wp\/v2\/media\/1629"}],"wp:attachment":[{"href":"https:\/\/chaincapital.news\/az\/wp-json\/wp\/v2\/media?parent=1630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chaincapital.news\/az\/wp-json\/wp\/v2\/categories?post=1630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chaincapital.news\/az\/wp-json\/wp\/v2\/tags?post=1630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}