Arthur Hayes Unveils His Playbook For Bitcoin, Crypto And Big Tech
In his latest essay, Arthur Hayes, the co-founder of BitMEX, has laid out his investment playbook in the current global economic landscape, focusing on the potential of Bitcoin, cryptocurrencies, big tech, and traditional financial markets.
Dumb Trades Hayes begins with a blunt critique of traditional investment strategies, particularly the purchase of long-term bonds in the current economic climate.
He explicitly states, “The dumbest thing one can do is purchase long-term bonds with a buy-and-hold mentality.” Hayes explains this viewpoint by highlighting the risks associated with these bonds, especially when liquidity conditions shift, saying, “You will experience a market-to-market gain today, but…