Arthur Hayes, the founder of BitMEX, predicts a major shift in global finance. He believes that gold and Bitcoin are replacing US Treasuries and stocks as the world’s main reserve assets.
The End of US Dominance?
Hayes argues that the US’s economic policies, particularly under President Trump, are driving this change. He suggests that Trump’s focus on reducing the national debt and current account deficit will force other countries to sell their US stocks and bonds to fund their own economies. This, he says, will permanently alter the global financial landscape. Foreign governments won’t risk holding US assets if US policies shift unpredictably.
The Rise of Gold and Bitcoin
Hayes sees gold and Bitcoin as the big winners in this new order. He expects gold to become a key neutral reserve asset, used to settle international trade, even as the dollar remains the primary reserve currency. He points out that gold’s tariff-exempt status aligns with Trump’s protectionist policies. He encourages investors to prepare for this shift by investing in gold, gold mining companies, and Bitcoin.
Bitcoin’s Independence?
Hayes also speculates that the recent economic turmoil may have finally broken the link between Bitcoin’s price and the Nasdaq. He believes this could lead to Bitcoin becoming a more independent asset, acting as a kind of “fiat liquidity smoke alarm.”
Note: Bitcoin’s price is currently listed at $83,322. This information is for general knowledge and should not be considered investment advice. Always conduct thorough research before making any investment decisions.
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