HODL

America

Bitcoin

Arthur

Arthur Hayes is back with another newsletter telling everyone, for what feels like the billionth time, to buy the dip and hold on for dear life. He believes that holding Bitcoin is actually the best way to preserve your wealth in these uncertain times. 
Despite the bears being in control, Arthur says this is everyone’s best opportunity to dig in. 
<figure id="attachment_551991" aria-describedby="caption-attachment-551991" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="wp-image-551991 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-07-at-04.35.04.png" alt="Why Arthur Hayes thinks you should buy the Bitcoin dip and HODL" width="1173" height="401" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-07-at-04.35.04.png 1173w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-07-at-04.35.04-300x103.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-07-at-04.35.04-768x263.png 768w" sizes="(max-width: 1173px) 100vw, 1173px">
 <figcaption id="caption-attachment-551991" class="wp-caption-text">
 Source: Arthur Hayes
 </figcaption>
</figure> 
<h2 id="span-style-font-weight-400-what-a-week-span">What a week</h2> 
What a week that was last week! Wallets have bled. Two major events caused a big drop in the market. First, we had Mt. Gox FUD, which shook Bitcoin a bit.&nbsp; 
But then Germany and America popped in and dumped on us. Mt. Gox started its repayments shortly after that. Of course markets would react negatively to things like these. 
It’s natural, says Arthur.&nbsp; The Fear &amp; Greed Index dropped to levels we haven’t seen since like January 2023.&nbsp; 
Investors have and are continuing to feel the heat, especially those playing with leverage. Recent gains have been wiped out, leaving many to reassess their investment strategies.&nbsp; 
Fourth of July plans were overshadowed by the market’s red candles. Justin Sun, the founder of TRON, offered to buy off all of Germany’s Bitcoins so he can take some of the heat off. 
<h2 id="span-style-font-weight-400-buy-the-bitcoin-dip-span">Buy the Bitcoin dip</h2> 
Per Arthur’s observation, the market’s reaction has been a mix of fear and opportunism. He points out that while Bitcoin and the Nasdaq 100 moved together for a while, the crypto diva has found it impossible to keep up recently. 
As the BRICS bunch are doing everything in their power to move us to a multipolar global economy, Arthur thinks the need for government funding through repression and fiat printing will definitely continue. 
This, plus the global conflicts happening every other month is only gonna drive inflation further. And you know who benefits the most from hyperinflation?&nbsp; 
Bitcoin. 
<div style="width: 100%;" class="wp-video">
  
 <video class="wp-video-shortcode" id="video-551988-1" width="800" height="498" preload="metadata" controls="controls">
 <source type="video/mp4" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/IMG_0870.mp4?_=1"><a href="https://www.cryptopolitan.com/wp-content/uploads/2024/07/IMG_0870.mp4">https://www.cryptopolitan.com/wp-content/uploads/2024/07/IMG_0870.mp4</a>
 </video>
</div> 
In his essay “Zoom Out,” from July 1st, Arthur <a href="https://cryptohayes.substack.com/p/zoom-out?utm_source=substack&amp;utm_campaign=post_embed&amp;utm_medium=web" rel="nofollow noopener" target="_blank">dropped</a> a quick investment advice for the current cycle. He said: 
<blockquote>
 “If you believe in the system but not its leaders, invest in stocks. If you believe in the system and its leaders, invest in government bonds. If you believe in neither, invest in gold or Bitcoin.”
</blockquote> 
He did add, though, that stocks definitely need a strong state for them to hold value. But Bitcoin does not rely on any state. 
Meanwhile, the bears have dominated Bitcoin’s market. Nearly every single technical indicator has turned bearish, clearly pointing to a consolidation phase. But Arthur believes it’s gonna be a while before we see Bitcoin in an actual bear market. 
<figure id="attachment_551992" aria-describedby="caption-attachment-551992" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="wp-image-551992 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSDT_2024-07-07_05-27-59.png" alt="Why Arthur Hayes thinks you should buy the Bitcoin dip and HODL" width="2108" height="1502" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSDT_2024-07-07_05-27-59.png 2108w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSDT_2024-07-07_05-27-59-300x214.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSDT_2024-07-07_05-27-59-1200x855.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSDT_2024-07-07_05-27-59-768x547.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSDT_2024-07-07_05-27-59-1536x1094.png 1536w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSDT_2024-07-07_05-27-59-2048x1459.png 2048w" sizes="(max-width: 2108px) 100vw, 2108px">
 <figcaption id="caption-attachment-551992" class="wp-caption-text">
 Source: TradingView
 </figcaption>
</figure> 
Institutional and retail adoption are at an all-time high and the largest crypto economy in the world could have a Bitcoin-friendly president before the year is over. The bears are just not powerful enough. 
Reporting by Jai Hamid

Why Arthur Hayes thinks you should buy the Bitcoin dip and HODL

Daftar Isi

Cryptopolitan_News

Artikel lain yang dipublikasikan pada 7 Jul 2024

Asian Markets Drive Crypto Volatility

North Carolina Governor Vetoes Bill Blocking Federal CBDCs

Solana Memecoin Trump the Felon Explodes 11,100% and Will Surge 18,000% Before KuCoin Listing, Wh...

PawFury (PAW) Presale Ignites With $4 Million And Rising; Arweave & Polygon Feel the Heat

German Govt. Transfers Another $40m Worth of BTC Amid Market Recovery

What FLOKI’s correlation with Shiba Inu means for its price

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!