Crypto Trader Digest

The Substack of Arthur Hayes, Chief Investment Officer of Maelstrom, co-founder and former CEO of BitMEX, a faithful disciple of the one true god Satoshi, and all around mother fucker.

By Arthur Hayes

· Over 65,000 subscribers

Reality Test

Am I dreaming - or is AI investing as easy as buying a subscription to Citrini Research and buying every stonk they write about?

Jun 8•Arthur Hayes

The Butterfly Touch

(Any views expressed here are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a…)
May 11•Arthur Hayes

No Trade Zone

Because Maelstrom's trading went quiet in the first quarter, many of our brokers occasionally ping me asking my thoughts on the market and if there is…
Apr 15•Arthur Hayes

$HYPE Man

Into the frozen forest and up the steep volcano we go. It’s just another day of ski touring meditation. Encased in the quiet of a snowy forest, my…
Mar 9•Arthur Hayes

iOS Warfare

At the behest of the most peaceful president in US history, Donald J. Trump, the US Department of War and OpenAI launched their offensive...
Mar 1•Arthur Hayes

Woomph

The mountain go “Woomph”. \
Me: Did you hear that?\
In the valley of powder, certain sounds cause an immediate need to stop, listen, and adapt.
Jan 27•Arthur Hayes

Frowny Cloud

(Any views expressed here are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a…)
Jan 14•Arthur Hayes

Suavemente

I imagine that a certain cohort of the Venezuelan diaspora is letting it rip right now in the narco-finance capital of the Western Hemisphere … Miami…
Jan 5•Arthur Hayes

Love Language

If I had an online dating profile, it would sound something like this:
Dec 19, 2025•Arthur Hayes

Adapt or Die

Less than a decade ago, the elevated and distinguished TradFi scallywags heaped scorn and disdain on the 100x leverage crypto derivatives market BitMEX…
Nov 27, 2025•Arthur Hayes

Snow Forecast

It’s that time again when I become an armchair meteorologist. Concepts like La Nina and El Niño enter my lexicon. Predicting a storm’s...
Nov 17, 2025•Arthur Hayes