BitMEX co-founder Arthur Hayes suggests historical economic trends suggest Bitcoin is poised for another big rally this market cycle. 🚀 Hayes is confident that Bitcoin will "get its groove back" thanks to the US government's overspending and the modern-day penchant for printing money. 💸

Hayes divides economic history into periods of local inflation and periods of global deflation. It has claimed to have been in the latter since 2008, when the US resorted to quantitative easing to defuse the financial crisis.

Hayes says it's wise to hold gold during periods of local inflation — especially when you lose faith in "the system" and "those who run it." However, the beginning of the current economic era was also marked by the genesis block of Bitcoin in 2009, introducing a currency that developed all the properties of gold. ⚡️

“I believe that physical and monetary conditions are and will continue to be loose, and therefore, holding cryptocurrencies is the best way to preserve wealth,” Hayes concludes. What are you thinking? 💭 We are waiting for your comments! 👇