Here's why bitcoin is much more attractive than gold right now

📑
Arthur Hayes

BitMEX co-founder, Arthur Hayes, argues that bitcoin offers more attractive investment opportunities than gold in light of the current economic climate. He attributes this to the shift from a unipolar to a multipolar world order, which is affecting the financial infrastructure. Bitcoin's decentralized nature increases its value.

At the same time, government actions, such as funding wars and increasing the money supply, devalue traditional currencies, making assets outside the control of governments more attractive.

Arthur Hayes notes that bitcoin, backed by blockchain technology, is becoming a modern alternative to gold as a means of saving. He predicts that in the face of inflation and increasing money supply, bitcoin will be the preferred instrument for preserving value.

💡

Comments

Post a Comment

Feel free to leave comments, share your thoughts and experiences. Your opinion is very valuable to me. Comments help me to understand what I should work on to make the blog even more useful and interesting for you 👍️

Popular posts from this blog

Are cryptocurrencies a financial bubble?

📑
Image
Cryptocurrencies have experienced a rapid rise in popularity in recent years. Their decentralized nature, anonymity and potential for high returns are attracting more and more investments. However, along with this, there is growing concern among some experts about the overvaluation of digital assets and the sustainability of the cryptocurrency market. What is a market bubble? A market bubble is a situation in the market when the price of an asset significantly exceeds its real value, which sooner or later leads to its sharp fall. Economic bubbles do not appear suddenly. They can take months or years to form, and they can cover any area of the economy, from real estate to stocks. Although some experts consider economic bubbles to be a myth, most economists do not share this view and identify a number of reasons for their occurrence: Unreasonable investor behavior and desire for quick profits. Low-interest loans that encourage borrowing and increase purchasing power. The i...
Read more

Bitcoin is already dead, long live silver

📑
Image
Peter Schiff, a well-known financial expert and gold investment advocate, has declared bitcoin a "dead cryptocurrency" despite it trading above $66,000. Peter Schiff is known for his bearish views on the cryptocurrency market. In his opinion, bitcoin has not long left to be "on top", but this time the investor compared the first cryptocurrency not with gold, but with silver. Peter Schiff noted that since April, the growth of bitcoin rate is 2%, and this is too "pale" compared to the growth of silver by 21%. The expert stated: such a low result of bitcoin is a sign of the imminent death of the cryptocurrency. Silver now has a market capitalization of $1.83 trillion, which is $500 billion more than bitcoin's market capitalization ($1.31 trillion). This means bitcoin would have to grow 40% to reach $93,000 and catch up with silver. In the comments, bitcoin supporters objected to Peter Schiff suggesting that he may be selectively using short-term data ...
Read more

4 ways to invest in cryptocurrency without buying it

📑
Image
What to do if you want to be in the cryptocurrency market, but do not want to buy coins directly? I will tell you in the article what are the ways. Cryptocurrency ETFs Cryptocurrency Exchange Traded Funds (ETFs) are exchange traded investment funds that track the prices of cryptocurrency assets. By purchasing ETFs, you can access changes in the value of cryptocurrencies without the need to manage private keys and store digital wallets. Grayscale Bitcoin Trust (GBTC) is one of the well-known cryptocurrency ETFs. With GBTC, you get exposure to the price of bitcoin. For example, if you buy GBTC shares and the price of bitcoin doubles, the value of your GBTC shares will also double. Bitwise 10 Crypto Index Fund (BITW) is a fund that invests in the 10 largest cryptocurrencies by market capitalization. The fund buys assets from the Bitwise 10 Crypto Index, excluding Bitcoin. Osprey Bitcoin Trust (OBTC) is a fund that invests only in bitcoin. OBTC allows investors to access...
Read more