Arthur Hayes believes that Bitcoin will continue to thrive in the current economic climate due to governments printing more fiat money to manage debt burdens.
Hayes predicts that the crypto bull market will persist, providing investors with a “golden opportunity” to buy the dip in the coming months.
He emphasizes that Bitcoin is the “hardest money ever created” and advises against selling it for fiat currency, which will continue to be printed endlessly.
Hayes points out that the U.S. presidential election in 2024 will likely lead to further money printing, regardless of the outcome, as politicians rely on economic performance for popularity.
He encourages crypto traders to be prepared for fiat devaluation by adding to their positions in the upcoming months.
Hayes suggests that the path from $70,000 to $1 million for BTC/USD may not be as challenging as its historical rise from zero, given the macroeconomic conditions supporting Bitcoin’s growth.
Summary:
– Arthur Hayes believes Bitcoin will thrive due to governments printing more fiat money.
– He predicts a continued crypto bull market and advises against selling Bitcoin for fiat currency.
– The U.S. presidential election in 2024 is expected to lead to further money printing.
– Hayes encourages crypto traders to prepare for fiat devaluation by adding to their positions.
– He suggests that reaching $1 million for BTC/USD may not be as difficult given current macroeconomic conditions.