**[Video | Arthur Hayes: Cryptocurrency is the Most Direct Tool to Hedge Against Central Bank Money Printing and U.S. Debt Crisis]** In an interview on the podcast *Altcoin Daily*, Arthur Hayes stated that as the pressure from the $40 trillion U.S. national debt continues to rise, more traditional financial institutions are beginning to worry about the long-term value of government bonds. Bitcoin and crypto assets are becoming a "pressure relief valve" to hedge against central bank money printing and debt risks. He believes that while the U.S. expanding its long-term Treasury repurchase program may not seem significant in terms of the amount, it sends an important signal: when long-term Treasury yields approach 5%, the government may have to intervene in the market with stronger liquidity tools, which would further benefit crypto assets. In this liquidity-driven market cycle, Arthur Hayes is particularly optimistic about Ethereum. He pointed out that $ETH has yet to surpass its all-time high from 2021, lagging behind other large-cap cryptocurrencies that have already set new records. Coupled with Ethereum's still-dominant and mature DeFi ecosystem and developer base, it is more likely to outperform the market in the next phase.