NEW: Former BitMex CEO Arthur Hayes Urges Investment in Bitcoin Amidst Financial Turmoil

Renowned cryptocurrency expert Arthur Hayes, former BitMex CEO, has reiterated the significance of Bitcoin in today’s turbulent financial landscape. Hayes highlighted the negative real interest rates in the U.S., showcasing the -1.1% real rate by subtracting 3Q23 nominal GDP growth (6.3%) from the one-year Treasury yield (5.4%). He urged caution against government-driven losses and advised investing in technology stocks, gold, and Bitcoin to protect purchasing power. Despite a previous formula error in his essays, Hayes remains steadfast in his call to embrace Bitcoin, emphasizing its role as a hedge against global inflation and economic uncertainty.

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