Arthur Hayes, co-founder of BitMEX, recently predicted a potential collapse of the US Dollar, citing the establishment of a Strategic Bitcoin Reserve by the United States as a major threat to the Dollar’s value. In light of this, Hayes advised investors to consider investing in Bitcoin and Gold as a hedge against the devaluing Dollar.
Hayes highlighted the exponential growth of US treasury debt since 1971 when the US abandoned the gold standard. He recommended investing in Bitcoin, gold, and gold miners for investors looking to protect their assets against the Dollar’s depreciation. Hayes believes that these assets could serve as a hedge in the event of a shift back to pre-1971 trade dynamics.
Additionally, Hayes suggested that gold could potentially return to its status as a neutral reserve asset, facilitating the free flow of gold in the global monetary system. With gold’s tariff-exempt status and hints from Trump about its potential use as a reserve asset, Hayes sees potential for gold to play a significant role in the future.
Notably, Robert Kiyosaki, the author of “Rich Dad Poor Dad,” recently praised silver over gold and Bitcoin, predicting that silver could reach $70 per ounce in the near-term and $200 in two years. He believes that silver is currently the best investment among gold, silver, and Bitcoin.
In a bold prediction, Arthur Hayes suggested that the price of Bitcoin could potentially reach $1 million, fueled by its growing adoption and inclusion in national reserves. Hayes hopes that Trump’s policies could further boost Bitcoin’s growth as a store of value, despite the recent legal issues involving BitMEX and its executives.
Overall, Hayes’ statements have sparked discussion and concern about the future of the US Dollar and the potential role of Bitcoin and Gold as alternative investments. As the world continues to navigate economic uncertainties, investors may consider diversifying their portfolios with assets like Bitcoin and Gold to protect against potential currency devaluations and economic disruptions.
