BitMEX co-founder Arthur Hayes discussed the differing roles of gold and Bitcoin in a recent interview with Coin Bureau. Hayes noted that sovereign nations currently favor gold as a safe-haven asset, while individual investors are drawn to Bitcoin for its volatility and self-custody benefits. He suggested that Bitcoin might align more closely with gold in narratives of dollar devaluation in the future, but in the short term, sovereign purchasing behaviors will continue to differentiate the performance of these assets. Hayes also highlighted recent oil trade settlements between Saudi Arabia and China in yuan, suggesting this geopolitical shift could undermine the dollar's dominance and bolster Bitcoin's long-term value.
Arthur Hayes Highlights Sovereign Preference for Gold Over Bitcoin
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