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Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’

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Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’ - NewsBTC

Quick Summary:

The supply of dollars must increase to maintain the current Pax Americana dollar-based filthy financial system.” In a rallying call to the crypto community, Hayes concludes, “Say it with me, Shikata Ga Nai’, and buy the fucking dip! ” Through this declaration, he underscores his belief that despite the volatile market conditions, the underlying economic and monetary developments are creating favorable conditions for Bitcoin’s growth.

Y’all know what that means for Bitcoin and crypto … which is why I thought it necessary to alert readers about another avenue of stealth money printing.” This mechanism allows central banks to exchange their holdings of USTs for dollars, increasing the dollar supply without flooding the market with bonds and potentially driving up yields.

Amidst this downward trend, Arthur Hayes, the co-founder of BitMEX, is not only maintaining his bullish stance on Bitcoin but actively encouraging investment, advocating a strategy to ‘buy the dip.’ His optimism and advice are deeply rooted in an analysis of global economic conditions and central bank policies, which he believes will favor cryptocurrencies like Bitcoin.Buy The Bitcoin Dip?


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-21 @ 14:00:06 (6 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 646 words

Reading Time: 4 minutes read

Sentences: 70 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21330739

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

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The story "Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’" was covered 6 days ago by NewsBTC, a news publisher based in United Kingdom.

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The outlet is headquartered in United Kingdom and publishes an average of 7 news stories per day.

It's most recent story was published 11 hours ago.

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  • News ID: #21330739
  • URL: https://beamstart.com/news/bitcoin-drops-below-64000-but-17189874791814

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