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
Share this content:
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.
Newsletter
Subscribe our newsletter to receive our daily digested news
Join our newsletter and get the latest updates delivered straight to your inbox.

BitcoinToday.app
Get BitcoinToday.app on your phone!
Other Latest News

Hut 8 Bitcoin Miner Scores Legal Victory as Judge Dismisses Key Merger Lawsuit Claims
5 hours ago•
860

How Bitcoin Casinos Pioneered Digital Gaming: Key Lessons for the Entire Industry
16 hours ago•
840

Is CARF the End of Crypto Anonymity? How New Global Tax Rules Are Reshaping the Industry
22 hours ago•
840
The Surprising Collision: How Bitcoin and Gold Are Shaping the Future of Finance
1 day ago•
950
Other Latest News

Hut 8 Bitcoin Miner Scores Legal Victory as Judge Dismisses Key Merger Lawsuit Claims
5 hours ago•
860

How Bitcoin Casinos Pioneered Digital Gaming: Key Lessons for the Entire Industry
16 hours ago•
840

Is CARF the End of Crypto Anonymity? How New Global Tax Rules Are Reshaping the Industry
22 hours ago•
840
The Surprising Collision: How Bitcoin and Gold Are Shaping the Future of Finance
1 day ago•
950
Comments
Join Our Community
Sign up to share your thoughts, engage with others, and become part of our growing community.
No comments yet
Be the first to share your thoughts and start the conversation!