Arthur Hayes: Buy and Hold Bitcoin!

Arthur Hayes, the founder of Bitmax, has recommended taking advantage of the opportunity to buy when the price of Bitcoin is falling. According to Hayes, holding Bitcoin for the long term is the best way to preserve wealth in these uncertain economic times.

Although he controls the market, he says: This is the best opportunity for everyone to invest in the market. The last week has been full of emotions. Funds were affected for two reasons: first, the fears and worries caused by the Mt. Gox exchange shook Bitcoin somewhat, and then Germany and the United States joined in the sell-off. Mt. Gox began issuing refunds shortly after, causing further negative reactions from the market. Of course, the market reacts negatively to these events.

Hayes notes that the Fear and Greed Index has fallen to levels not seen since January 2023. Investors, especially leveraged investors, have been under pressure. Recent gains have been reversed, causing many to rethink their strategies.

The red candles of the bazaar have even overshadowed plans for the 4th of July. In response to these developments, Justin Sun, the founder of Tron, offered to buy all German Bitcoin to relieve some of the pressure on the market.

Hayes believes hat the need to fund governments through repression and fiat money printing remains as the BRICS countries attempt to evolve into a multipolar global economy. Combined with global tensions, this is likely to increase inflation, and Bitcoin will benefit the most during critical times.

He says:

If you believe in the system, invest in its leaders, not 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, he says, adding that stocks need a strong government to maintain their value, but Bitcoin doesn’t depend on any government.

There is currently a bear market for Bitcoin, with almost all technical indicators showing bearish signs and pointing to a bearish phase. However, Hayes believes it will be some time before we see a true bear market for Bitcoin.