Arthur Hayes continued to urge everyone to buy Bitcoin dips and HODL to “preserve their lives.” He believes that holding Bitcoin is actually the best way to preserve value during these uncertain times.

Even though bears are in control, Arthur said this is the best opportunity for everyone to stock up.

Last week was truly terrible for the cryptocurrency market. Two major events caused a major decline in the market. First is Mt. Gox FUD rocked Bitcoin. But then Germany and America showed up and moved their BTC. MT. Gox began repaying its debt soon after. Of course the market will react negatively to such a combination of news

Arthur says it's completely natural. The Fear and Greed Index fell to a level of 26 we haven't seen since January 2023.

Investors have been and continue to feel the heat, especially leveraged players. Recent gains have been wiped out, causing many to reassess their investment strategies. 

The 4th of July was completely dominated by the market's red candles. Justin Sun, founder of TRON, has offered to buy up all of Germany's Bitcoin to alleviate the heat.

Mua dip Bitcoin

According to Arthur's observations, the market reaction was a mixture of fear and opportunity. He pointed out that while Bitcoin and the Nasdaq 100 were moving together for a while, recently the cryptocurrency king seemed unable to keep up.

While the BRICS group is doing everything it can to move us toward a multipolar global economy, Arthur says the need for government funding through repression and money printing will certainly continue.

This, combined with the global conflicts happening every month only drives inflation even higher. And you know who benefits the most from hyperinflation? 

In his July 1 “Zoom Out” essay, Arthur offered quick investing advice for the current cycle. 

“If you believe in the system but not the leaders, invest in stocks. If you believe in the system and its leaders, invest in government bonds. If you don't believe in either, invest in gold or Bitcoin.”

However, he added that stocks definitely need a strong government to maintain their value. But Bitcoin does not depend on anyone.

Meanwhile, the bears have dominated the Bitcoin market. Nearly every technical indicator turned bearish, clearly pointing to a consolidation phase. But Arthur believes a real bear market is a long way off.

Source: TradingView

Institutional and retail adoption are at an all-time high, and the world's largest economy could have a Bitcoin-friendly president before the end of the year. The bears are not strong enough.



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