BitMEX co-founder Arthur Hayes compares Bitcoin to gold, emphasizing the cryptocurrency’s technological advantage, market performance, and the influence of recent geopolitical events on safe-haven assets.
BitMEX co-founder Arthur Hayes has created a discussion in the cryptocurrency industry with his newest study, which compares Bitcoin (BTC) to gold. Hayes emphasizes Bitcoin’s technical advantage over traditional safe-haven assets in a thorough analysis of economic cycles and investing methods.
His research delves further into the underlying differences between the two, arguing that Bitcoin’s cryptographic blockchain provides a more efficient and quick mechanism of value transmission than gold. This technological edge distinguishes Bitcoin as a more enticing choice in an increasingly digital financial environment.
Technological advantages and market performance
BitMEX co-founder Arthur Hayes has rekindled the Bitcoin versus gold argument with a persuasive research that clearly demonstrates the cryptocurrency’s technological advantages. In his most recent column, Hayes goes into the complexities of economic cycles and the changing environment of safe-haven assets.
Hayes highlights a key distinction in the current economic cycle: while the Federal Reserve weakened the currency, money was free to seek alternate havens. This time, Bitcoin emerged as a new stateless currency, substantially altering the mechanics of capital flows.
Hayes highlights the major difference between Bitcoin and gold, using financial analyst Lynn Alden’s observations. While both function as alternatives to fiat currencies, their operating mechanics differ greatly. Bitcoin’s record is kept up to date via a cryptographic blockchain, which allows transactions to be completed at light speed. In contrast, gold’s ledger is limited by physical constraints, moving only as quickly as people can move the valuable metal.
This distinction becomes especially important when contrasted to digital fiat currencies. Hayes contends that, while digital fiat can travel at light speed, it is subject to unlimited printing by governments. In the modern digital age, Bitcoin outperforms both gold and fiat currencies.
The significance of this technological advantage is shown in Bitcoin’s success since its debut in 2009. According to Hayes, Bitcoin has beaten traditional assets to the point that it is difficult to distinguish between the returns of gold and equities on normal charts. Surprisingly, gold has underperformed equities by about 300% throughout this period.
Hayes believes that Bitcoin has “stolen some of gold’s thunder” over the last decade due to its tremendous outperformance. The cryptocurrency’s ability to combine the speed of digital transactions with the scarcity principle typically associated with gold has established it as a powerful contender in the safe-haven asset market.
Market trends and geopolitical shifts
Hayes also discusses current market movements and big geopolitical shifts. He shows a chart comparing the Nasdaq 100 with Bitcoin, emphasizing that while the two assets have historically marched in lockstep, Bitcoin has lately paused after reaching a new all-time high earlier this year.
Hayes identifies several prevalent narratives in the financial community, including the transition from a unipolar US-dominated world order to a multipolar system, the need for financial repression and increased money printing by central banks, and the possibility of World War III and its inflationary implications.
These perspectives, together with differing views on Bitcoin’s present market position, bring Hayes to the conclusion that we are at a key juncture. He believes that we are transitioning from one geopolitical and monetary global arrangement to another, albeit the specifics of this new order are unknown. Bitcoin’s current price is $62,797.34, with a 24-hour trading volume of $15.4 billion, up 3.07% in the last 24 hours.
Check Out the Latest Prices, Charts, and Data of BTC/USDT
US Marshals service partners with Coinbase for digital asset management
The US Marshals Service (USMS) has chosen Coinbase Prime to protect and exchange its high-value digital assets. The custodial services deal is worth $32.5 million.
The USMS, a section of the US Department of Justice, reached its conclusion after conducting a thorough due diligence procedure. USMS is liable for asset forfeiture.
Coinbase prime and institutional trading
Coinbase Prime, a renowned platform that enables institutions to trade and store digital assets safely, was chosen due to its proven track record and security features. Many institutional investors utilize the platform.
Coinbase has $330 billion in assets as of March 31, 2024, and institutional trading volume was $256 billion in Q1 2024. Coinbase has aided law enforcement since 2014, collaborating with significant US federal, state, and municipal authorities, as well as overseas agencies.
“Coinbase Prime continues to be trusted by the world’s largest institutions and governments because of the quality, security, and track record of our institutional product suite,” Coinbase told,
According to the US Marshals Service, the Coinbase contract will make custody, administration, and disposal of bitcoin assets more efficient. Furthermore, it allows for diversity of the sorts of crypto assets controlled and disposed of by the government’s forfeiture procedures.
“Our system’s smart order routing minimizes the trade’s market impact and helps disguise the overall trade size. Working on an agency basis, clients can be sure our interests are aligned as we seek to find the best prices available in the market,” Coinbase shared in a statement.
The agreement is consistent with Coinbase’s goals and support for secure and efficient marketplaces in the burgeoning cryptocurrency industry.
The deal was inked amid an SEC assault on Coinbase and the cryptocurrency sector. Meanwhile, Coinbase has launched a lawsuit against the SEC and the FDIC. The exchange claims the lawsuit seeks to collect papers detailing how authorities classify crypto assets and their activities against the crypto industry.
Notcoin price prediction: NOT price can break ATH if this happens
Notcoin Price Prediction: The open interest in NOT has increased by 2.4%, with 69% of traders long on the coin, indicating that investors are confident that NOT will rise back to the top.
Notcoin Price Prediction: The price of NOT hit $0.01398 during European business hours on Tuesday, after falling by 4.5% in the previous 24 hours. This was accompanied by a 14% decrease in the 24-hour trading volume of the TON-based gaming coin. However, a bullish trend is developing, and if price movement breaks out, Notcoin may surpass its all-time high price.
Notcoin price prediction hints a path to $0.037
The NOT price has steadied over the last two weeks, sliding sideways and reducing trading volume. However, the asset is far from done, as a solid support level has established around $0.0136 in the last 14 days.
On a 4-hour period, the price of NOT is now going below the 50-day and 200-day simple moving averages, while the 14-day relative strength index (RSI) is sliding below the midpoint at 43. These two indications indicate that the Notcoin price is not bullish.
Notcoin is trading at the bottom of the range, with opportunity to rise higher. As a result, if bulls persevere, the NOT price may climb by 18% to reach the range’s top limit of $0.01778.
Zooming out, another positive view of Notcoin emerges. The asset is currently in a one-month declining wedge that is nearing its finish. If the NOT price breaks out of the falling wedge, the asset may see a 109% price increase to $0.0294, its previous yearly high.
Furthermore, the current price level is exactly aligned with the 0.618 Fibonacci retracement level, confirming the existing support structure. A rebound from here might propel NOT price to the 0.27 Fibonacci extension level at $0.038, thereby breaking its all-time high price. This would represent a 170% increase over the current price.
Despite the lower trading activity, data from Coinalyze reveal that NOT’s open interest climbed by 2.49% in the previous 24 hours, with 69% of traders across platforms going Long on the asset. This suggests that the bulk of traders are acquiring Notcoin ahead of the breakthrough.
Can Notcoin sustain gains against new competitors?
While Notcoin was a huge success in the gaming and meme coin communities, it sparked a surge of tap-to-earn initiatives on TON that appear to be threatening the project. For example, Hamster Kombat now has 150 million users and 46 million daily active users (DAUs), whereas Tapswap has 50 million users and 17 million DAUs.
Notcoin confronts the difficulty of being relevant and at the top of the TON gaming niche. To this goal, the creators implemented earning tasks and, most recently, burnt 210 million NOT tokens valued more than $3 million.
With further growth, Notcoin may remain the largest tap-to-earn gaming initiative on Telegram.
Bottom Line
Notcoin’s price analysis suggests an exciting potential to exceed its all-time high (ATH), subject to particular market conditions. As a significant token on the TON network, Notcoin pricing continues to attract investor interest in the booming gaming and meme coin sectors, as seen by the community’s passion and participation.
