Arthur Hayes, co-founder of BitMEX, argues that Bitcoin is a better safe-haven asset than gold. He highlights the technological superiority of Bitcoin's blockchain compared to gold's physical limitations. Hayes emphasizes that Bitcoin's transactions are fast and efficient, while gold's movement is constrained by physical transport. He acknowledges that central bank digital currencies (CBDCs) offer similar speed, but warns of inflationary risks due to government control. Hayes concludes that Bitcoin is superior to gold due to its decentralized nature, speed, and resistance to inflation.
Benzinga•1 year ago•
1060
Bitcoin vs. Gold: Arthur Hayes Declares Bitcoin Superior
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Summary:
Arthur Hayes, co-founder of BitMEX, claims Bitcoin is a superior safe-haven asset than gold.
Hayes highlights Bitcoin's blockchain technology as a key differentiator, enabling faster and more efficient transactions compared to gold's physical constraints.
He acknowledges that CBDCs are similar in speed to cryptocurrencies, but warns of potential inflationary risks due to government control.
Hayes concludes that Bitcoin's decentralized nature, speed, and inflation resistance make it a superior asset to gold.
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