THELOGICALINDIAN - BitMEX architect Arthur Hayes put out a thoughtprovoking allotment on the aggregation blog today He talks about the aftereffect of the COVID19 crisis on the all-around abridgement and states that annihilation will anytime be the aforementioned afresh The USD fiction is over Its time for a new brainy accessory Hes opting for Bitcoin and goldwhat will your fiction be
Arthur Hayes Paints a Grim Picture of the Post COVID World
As absorbing as ever, this piece by Mr. Hayes is absolutely account a read. It’s a array of arbitrary of The Bitcoin Standard with added bright accent befuddled in. It additionally contains some austere predictions of the apple post-COVID-19. Hint: It’s not activity to be pretty.
Hayes predicts a absolute collapse of the USD. He says that the U.S. is the alone country that can abate its bill to the amount all-important to abide to accomplish bread-and-butter activity, “at a akin which honours the acclaim in the arrangement and promises to their plebes.”
He again talks about the acclaimed botheration of press too abundant money… aggressive inflation:
Hayes says that this is how he sees the apple over the abutting 10 years. A appealing afflictive picture:
‘All in, Motherf*ckers’ on Bitcoin and Gold
All the all-around anarchy and banking accident will eventually beat the alarm to Bitcoin. He says that the bureaucracy for Bitcoin, “the hardest anatomy of agenda money, could not be better.” However, he doesn’t apperceive back absolutely the added accessible will move against it.
In fact, he doesn’t abandon the actuality that BTC could analysis $3K afresh in the abreast future:
However, admitting that sobering scenario, Hayes still stands abaft his antecedent alarm of an end of year Bitcoin amount of $20K. So, that’s article to be hopeful for alike if the apple about you will crumble below your feet.
Hayes ends by advertence there are alone two things to own during the alteration to the new budgetary arrangement afterwards the absolute collapse of fiat. They are Bitcoin and gold.
Well said.
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