Arthur Hayes: If there is an economic recession in the US, the Federal Reserve will increase its printing of money to stimulate Bitcoin's "2 Da Moon".
Bitget2024/08/28 02:29
The concept of Bitcoin was first proposed by Satoshi Nakamoto in 2008. It is an open-source software designed and released based on Satoshi Nakamoto's ideas, as well as the P2P network built on it. Bitcoin is a P2P form of digital currency. Peer-to-peer transmission means a decentralized payment system. Unlike most currencies, Bitcoin does not rely on a specific currency institution to publish. It is generated through a large amount of calculation based on a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors, and uses cryptographic design to ensure the security of all aspects of currency circulation.
On August 28th, Arthur Hayes, co-founder of BitMEX, released his latest article "Sugar High", exploring issues such as why the yen's interest rate hike is not strong enough. Hayes stated that entering the final stage of the third quarter, fiat currency liquidity conditions could not be more favorable for cryptocurrency holders.
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Over Protocol Opens Airdrop Queries, Will Distribute Airdrops After Mainnet Launch
Bitget•2024/10/30 07:35
Amber Group Deposits 1.51 Million FETs, or About $2.02 Million, to Coin in the Past 24 Hours
Bitget•2024/10/30 07:29
Meme Coin TEE Breaks 0.04 USDT on Ether, Market Capitalization Reaches $44.8 Million
Bitget•2024/10/30 07:17
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$72,210.45
+1.93%
Ethereum
ETH
$2,665.53
+2.14%
Tether USDt
USDT
$0.9996
+0.05%
BNB
BNB
$602.04
-0.36%
Solana
SOL
$178.7
-0.59%
USDC
USDC
$0.9999
-0.01%
XRP
XRP
$0.5246
-0.36%
Dogecoin
DOGE
$0.1737
+6.00%
TRON
TRX
$0.1677
+2.26%
Cardano
ADA
$0.3574
+3.06%
Bitget pre-market
Buy or sell coins before they are listed, including PGC, MAJOR, OGC, MEMEFI, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now