Bitcoin

BitMEX founder Arthur Hayes reiterated his advice to buy the Bitcoin dip, viewing it as the perfect opportunity to invest in BTC. He believes that the high rate of adoption across all fronts this year means it will be a while before we see a bear market.JOIN CRYPTOS HEADLINES<a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">TELEGRAM CHANNEL</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/742431ce4b984078aa69bcc4d721b96e.svg&#43;xml" />Arthur Hayes is back with another newsletter, once again advising everyone to buy the dip and hold on tight. He believes that holding Bitcoin is the best way to preserve your wealth in these uncertain times.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/92ae5dbebd6a4bef8fdd0acd6fbb82f5.png" /><h3 id="arthur-hayes-bear-market-brings-opportunity-to-buy-the-dip">Arthur Hayes: Bear Market Brings Opportunity to Buy the Dip</h3>Despite the bears being in control, <a href="https://cryptosheadlines.com/arthur-hayes-warns-of-impending-armageddon-in-bitcoin-following-critical-date/" rel="noopener noreferrer nofollow">Arthur Hayes</a> says this is everyone’s best opportunity to dig in. Last week was intense! Wallets took a hit due to two major events causing a <a href="https://cryptosheadlines.com/bitcoins-price-holds-at-66-9k-reducing-fears-of-a-big-drop/" rel="noopener noreferrer nofollow">big drop</a> in the market. First, the Mt. <a href="https://cryptosheadlines.com/mt-gox-bitcoin-repayment-impact-on-btc-price-dip-to-30k/" rel="noopener noreferrer nofollow">Gox FUD shook Bitcoin</a> a bit.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3eb50648f37646be995d0aede82668a7.png" />Then, Germany and America added to the sell-off. Mt. Gox started its repayments shortly after, leading to further <a href="https://cryptosheadlines.com/fed-meeting-today-expert-insights-on-crypto-market-reaction/" rel="noopener noreferrer nofollow">market reactions</a>. Naturally, markets responded negatively to these events.Arthur notes that the Fear &amp; Greed Index dropped to levels not seen since January 2023. Investors, especially those using leverage, have felt the pressure. <a href="https://cryptosheadlines.com/floki-poised-for-150-increase-following-recent-gains/" rel="noopener noreferrer nofollow">Recent gains</a> have been erased, causing many to reassess their strategies.The market’s red candles even overshadowed Fourth of July plans. In response, Justin Sun, the founder of TRON, offered to buy all of Germany’s Bitcoins to alleviate some of the market pressure.<h3 id="arthur-hayes-embrace-fear-and-opportunity-in-the-bitcoin-market">Arthur Hayes: Embrace Fear and Opportunity in the Bitcoin Market</h3><a href="https://cryptosheadlines.com/arthur-hayes-forecasts-optimal-bitcoin-selling-time-in-breakthrough-prediction/" rel="noopener noreferrer nofollow">Arthur Hayes</a> observes that the market’s reaction has been a mix of fear and opportunism. While Bitcoin and the Nasdaq 100 moved together for a while, Bitcoin has recently struggled to keep up.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/92ae5dbebd6a4bef8fdd0acd6fbb82f5.png" />As the BRICS nations work to shift towards a multipolar global economy, Hayes believes that the need for government funding through repression and fiat printing will continue. Combined with frequent global conflicts, this will likely drive inflation higher. And in times of hyperinflation, Bitcoin stands to benefit the most.In his July 1st essay “Zoom Out,” Hayes offers investment advice for the current cycle:<a href="https://cryptosheadlines.com/billy-memecoin-soars-44-after-solana-listing/" rel="noopener noreferrer nofollow">Also Read: Billy Memecoin Soars 44% After Solana Listing</a>“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.”He adds that stocks rely on a strong state to hold value, but Bitcoin does not depend on any state.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7b3b89658d344a7dbe6b880ffc383cc4.webp" />BTCUSDT / Source: TradingViewCurrently, bears dominate Bitcoin’s market, with nearly every technical indicator turning bearish, signaling a consolidation phase. However, Hayes believes it will be a while before we see an actual bear market for Bitcoin. 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 ends. The bears just aren’t powerful enough to change this outlook.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/440a40cac1be4739b0b8a9916e1e558b.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Arthur Hayes: Buy the Bitcoin Dip and HODL

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Інші статті, опубліковані 7 лип. 2024 р.

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