Former BitMEX CEO calls bitcoin the best means to preserve capital
According to Arthur Hayes, this asset cannot be confiscated
08.09.2022 - 09:40
331
1 min
0
What’s new? Former BitMEX cryptocurrency exchange CEO, Arthur Hayes, stated in a new essay titled “For the War” that fiat currencies and gold will not help protect capital in war conditions. According to Hayes, only bitcoin will be able to become a protective medium, and goods will be priced in it in free markets.
The full version of the essay “For the War”
What other statements have been made? The former head of Bitmex believes that any digital asset held by banks can be confiscated. In the case of bitcoin, this is almost impossible. It is outside the system and “outside money,” has no physical form and is easily convertible into other types of assets. In addition, under conditions of war, there is a growth of free markets, and if goods in those markets will be priced in an electronic currency, bitcoin will be that currency. Arthur Hayes also emphasized that now is the best time to buy the first cryptocurrency so that ordinary people can protect their wealth.
In early August, Hayes said that Ethereum’s value to reach $5000 by the end of Q1 2023. His prediction is based on two factors: a loosening of monetary policy by the US Federal Reserve System (Fed) and the network’s successful transition to the Proof of Stake (PoS) consensus algorithm. According to him, the combination of these conditions will contribute to the growth of the asset’s price.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 815
BTC
+0.29%
-
Ethereum
$3 339.03
ETH
-0.55%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.56
XRP
+14.36%
-
Dogecoin
$0.429016
DOGE
+9.57%
-
Cardano
$1.09
ADA
+25.26%
-
Stellar XLM
$0.43464
XLM
+54.76%
-
Bitcoin Cash
$541.51
BCH
+9.7%
-
Polkadot
$7.06
DOT
+14.69%
-
Litecoin
$100.48
LTC
+11.72%