The post Why Arthur Hayes thinks you should buy the Bitcoin dip and HODL appeared on BitcoinEthereumNews.com.

Arthur Hayes is back with another newsletter telling everyone, for what feels like the billionth time, to buy the dip and hold on for dear life. He believes that holding Bitcoin is actually the best way to preserve your wealth in these uncertain times. Despite the bears being in control, Arthur says this is everyone’s best opportunity to dig in. Source: Arthur Hayes What a week What a week that was last week! Wallets have bled. Two major events caused a big drop in the market. First, we had Mt. Gox FUD, which shook Bitcoin a bit.  But then Germany and America popped in and dumped on us. Mt. Gox started its repayments shortly after that. Of course markets would react negatively to things like these. It’s natural, says Arthur.  The Fear & Greed Index dropped to levels we haven’t seen since like January 2023.  Investors have and are continuing to feel the heat, especially those playing with leverage. Recent gains have been wiped out, leaving many to reassess their investment strategies.  Fourth of July plans were overshadowed by the market’s red candles. Justin Sun, the founder of TRON, offered to buy off all of Germany’s Bitcoins so he can take some of the heat off. Buy the Bitcoin dip Per Arthur’s observation, the market’s reaction has been a mix of fear and opportunism. He points out that while Bitcoin and the Nasdaq 100 moved together for a while, the crypto diva has found it impossible to keep up recently. As the BRICS bunch are doing everything in their power to move us to a multipolar global economy, Arthur thinks the need for government funding through repression and fiat printing will definitely continue. This, plus the global conflicts happening every other month is only gonna drive inflation further. And you…

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Filed under: News - @ July 7, 2024 5:04 am