According to Foresight News, Arthur Hayes recently shared his views on Bitcoin‘s trading characteristics and its comparison with stock markets. Hayes highlighted that Bitcoin operates 24/7 globally, accessible to anyone with internet access, and cannot be printed infinitely. He noted that the consequences of failure in Bitcoin trading are bankruptcy or liquidation, with no direct fiscal ties to any country’s economy.
In contrast, Hayes pointed out that stock markets operate on an 8X5 schedule, restricted to specific individuals, and while stocks cannot be printed infinitely, political connections might lead to bailouts in case of failure. He emphasized that U.S. marginal tax revenue is directly linked to the stock market, suggesting that bailouts are inevitable, though the survival of one’s portfolio during such events is uncertain.
Hayes argued that Bitcoin represents a true free market, unlike the stock market. He predicted that during a fiat liquidity crisis, Bitcoin would lead the stock market in both decline and recovery.
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