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16 days ago

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.