Arthur Hayes: The Power of Money Printing and the Safe Future of Bitcoin
On June 23, Arthur Hayes, co-founder of BitMEX, shared sharp insights on platform X regarding the current trend of the cryptocurrency market. He emphasized that the 'money printer' – the process by which central banks like the Federal Reserve of the United States (Fed) or other central banks continuously pump liquidity – shows no signs of stopping.
Money Printing and Its Impact on the Cryptocurrency Market
The increase in paper money supply under the guise of 'national interest' is the reason traditional money continues to be pumped into the economy. The aim is to stimulate economic growth amid a global crisis. However, this creates temporary downward pressure on the cryptocurrency market, causing the value of digital assets to plummet.
Bitcoin – A Safe Haven Amidst the Storm of Inflation
However, according to Hayes, this weakness is only temporary. As fiat money continues to lose value and the global economy faces the risk of hyperinflation, Bitcoin will assert itself as the optimal safe haven for investors. The scarcity of Bitcoin, with a fixed total supply of 21 million coins, provides a layer of protection against the devaluation of fiat currency.
The Importance of Bitcoin in the Modern Economic Cycle
Bitcoin is not just a cryptocurrency; it also represents an effective anti-inflation tool across all economic cycles. Short-term fluctuations cannot overshadow Bitcoin's function as a long-term store of value.
Conclusion
The money printing strategy continues to be a double-edged sword for the global economy. But as 'digital gold' in the digital world, Bitcoin will become increasingly essential in protecting assets from risks in the financial system. Wise investors will recognize Bitcoin's superior potential as the cryptocurrency market gradually recovers and strengthens.
Source: https://tintucbitcoin.com/arthur-hayes-du-bao-xu-huong-bitcoin/
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