BitMEX Founder Arthur Hayes: I Am a Buyer at Bitcoin $20,000 and Ether $1,300

BitMEX co-founder Arthur Hayes posted a blog about his opinion on $UST depeg. Hayes said that stablecoins are divided into centralized stablecoin like $USDT, over-collateralized stablecoin like $DAI, and algorithm stablecoin like $UST. He thought a better solution would be a Bitcoin-backed stablecoin. In terms of the market fall, Hayes said that the crypto capital markets must be allowed time to heal after the blood letting concludes. The legitimate price targets will be unpredictable, and more money will be printed inevitably. He also stated that "I am a buyer at Bitcoin $20,000 and Ether $1,300".