Arthur Hayes
Arthur Hayes|Mar 11, 2025 02:59
BTC trades 24/7, anyone globally with internet can trade, it cannot be printed, failure results in bankruptcy or liquidation. No country’s finances are tied to BTC going up in price. Stonks trade 8/5, only certain people can trade them, they cannot be printed, failure if you are politically connected results in a bailout. Marginal tax receipts in Pax Americana are directly tied to the stock market. It will get a bailout, it just depends on whether your portfolio is still alive when it occurs. BTC is a true free market, stonks are not. Therefore in a fiat liquidity crisis, BTC leads stocks on down and upside.
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