Arthur Hayes: The crypto market is currently in a "no-trade zone," with AI-related unemployment and the situation in the Strait of Hormuz being key variables.

CoinFeed reported on April 16th that BitMEX co-founder Arthur Hayes stated in a recent article that the crypto market is currently in a "no-trading zone," with his fund Maelstrom making almost no trades in the first quarter due to a lack of clear market direction. He believes that AI agents will destroy the job prospects of ordinary knowledge workers in developed economies, triggering a deflationary financial collapse, while the US-Iran conflict has made the situation in the Strait of Hormuz a core variable in the market. Hayes ruled out a nuclear annihilation scenario, focusing on three paths: first, the war ends but AI replaces white-collar workers, leading to an economic recession; second, Iran continues to control the Strait, forcing countries to sell dollar assets and buy gold and yuan to pay tolls, impacting the petrodollar system; third, the US militarily destroys Iran, but this triggers a shutdown of energy production in the Gulf and global inflation.