Here's why bitcoin is much more attractive than gold right now
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.
- Bitcoin more attractive for investment than gold
- Global finance is undergoing a transformation, the world is moving from a unipolar to a multipolar order
- Bitcoin's decentralized nature increases its value
- States are putting pressure on depositors by devaluing traditional currencies
- Bitcoin is a modern alternative to gold as a means of savings, backed by blockchain technology.
- With foreign policy tensions and rising inflation, bitcoin may be the preferred instrument for preserving valuables
- U.S. budget deficits and spending are boosting the money supply, which favors bitcoin
- In unstable times, investors tend to invest in cryptocurrencies
