Geopolitical Risks and the Future of Bitcoin
While skiing in New Zealand recently, BitMEX founder Arthur Hayes compared the current tensions between Israel and Iran to the "persistent weak layer" in the snow. He warned that this kind of geopolitical risk may trigger an "avalanche" in the global market at any time, affecting energy prices and the stability of the supply chain, making people feel that the crisis is approaching.
As China initiates monetary easing, the crypto market is filled with high-risk and high-reward possibilities. Hayes is worried about the escalation of the conflict in the Middle East, believing that this may have a devastating impact on Bitcoin and meme coins, especially the latter which may become worthless in an instant. However, he is confident in Bitcoin's long-term resilience and proposed an investment strategy in the face of geopolitical risks, emphasizing Bitcoin's potential as an anti-inflation asset.
When analyzing the impact of the situation in the Middle East on the market, Hayes pointed out that small-scale conflicts have limited impact, but once they escalate in a comprehensive way, the market may face an avalanche effect. He emphasized that despite Iran’s presence in global Bitcoin mining, its impact on long-term prices is relatively small. Bitcoin's self-regulating ability and scarcity make it an increasingly popular "digital reserve asset" against the backdrop of rising energy prices.
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