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Arthur Hayes, the CEO of BitMEX, has proposed that the United States devalue the price of gold and establish a Bitcoin reserve to boost its economic growth. In his latest article, Hayes suggests this bold move could help the Treasury quickly generate dollar credits, which could then be used to purchase Bitcoin ( BTC ). He believes this approach would strengthen the economy and secure the U.S.’s position as a global financial leader. Hayes argues that devaluing gold could inject significant funds into the Treasury General Account (TGA), bypassing the need for international negotiations to weaken other currencies. Currently, gold is valued at $42.22 per ounce by the Treasury. Hayes suggests that increasing its value to $10,000 or $20,000 per ounce would immediately grow the TGA balance, providing resources to stimulate the economy. According to Hayes, the first 100 days of Trump’s administration offer a limited window to enact impactful policies, including a major gold devaluation. He predicts such a move could happen early in 2025, as it would allow the U.S. to enhance its competitiveness and promote domestic production. Hayes sees this as an opportunity for Trump to achieve swift economic progress and support Republican control of Congress. Creating a Bitcoin reserve, Hayes believes, would also secure the U.S.’s financial dominance. He explains that Bitcoin, often seen as "hard money" due to its fixed supply, would further strengthen the nation’s currency if held in significant reserves. Hayes predicts that if the U.S. government used dollars from a gold devaluation to buy Bitcoin , its price would soar, prompting other nations to follow suit in a competitive race for cryptocurrency reserves. Hayes warns, however, that time is a critical factor. The new administration would need to act quickly to show results before mid-term elections in 2026. He cautions that delays or unmet expectations could lead to market disappointment and a sell-off in cryptocurrencies and other Trump-related investments. Other nations, including Russia, Japan , and Canada, have already considered or implemented similar Bitcoin reserve strategies. Hayes highlights the growing interest in cryptocurrency reserves as a global trend that the U.S. cannot afford to ignore. He also notes that Bitcoin ETFs now manage more assets than gold ETFs, reflecting shifting market priorities. While Hayes acknowledges the challenges of implementing such policies, he emphasizes that devaluing gold is the fastest and most practical way to generate funds and stimulate the economy. He concludes that going big early is essential for Trump to make a lasting impact during his term.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Crypto Expert Predicts Major Altcoin Season As Market Cap Eyes Record Levels
Market expert Lark Davis has recently taken to social media to assert that the much-anticipated altcoin season is far from over despite short-term corrections and challenges the broader crypto market faces. Davis believes that significant opportunities lie ahead for altcoins, particularly as their total market capitalization (excluding Bitcoin and Ethereum) hovers around $1.05 trillion. Key Factors For Impending Altcoin Season The expert points out that the current altcoin market cap is nearing its previous high of $1.13 trillion from November 2021. He recalls a similar scenario from February 2021, when the altcoin market cap tested the highs from January 2018 before breaking through. This breakout resulted in an impressive surge from $360 billion in February 2021 to $1.13 trillion by November 2021—an increase of over 200%. Davis firmly believes that once the altcoin market cap surpasses the $1.13 trillion threshold again, we could witness one of the largest altcoin seasons in the history of cryptocurrency. Related Reading: Whales Snap Up 30 Million XRP As Ripple Launches Its RLUSD Stablecoin Several key factors contribute to Davis’s optimism regarding the impending altcoin surge: Bitcoin’s Performance: Currently at all-time highs, the Bitcoin price strength often catalyzes interest in altcoins. Political Transition: With Donald Trump set to take office in just 34 days, market sentiment may shift favorably towards cryptocurrencies. Global Rate Cuts: Central banks worldwide are reducing interest rates, which typically increases liquidity in the market. Increased Capital Investment: An influx of cheap capital is making its way into the cryptocurrency space, setting the stage for potential growth. Risk-On Environment: The current market conditions are among the strongest for risk-on assets, creating an ideal backdrop for altcoin investment. Rally Anticipated As Bitcoin Dominance Rises Echoing Davis’s sentiments, crypto analyst Miles Deutscher emphasizes that the real altcoin season has yet to commence. He points to compelling historical evidence suggesting that alt-seasons are not mere coincidences but rather distinct seasonal phenomena backed by statistical patterns. Historically, Ethereum (ETH) has shown impressive returns from January to May, often outperforming Bitcoin during this period. During these months, Ethereum averages about 28% monthly returns, compared to a mere 3% for the rest of the year. Related Reading: MicroStrategy’s Bankruptcy Risk: CEO Warns Bitcoin Must Drop To $16,500 To Trigger Collapse In addition, the analyst asserts that the current environment is particularly favorable for this rotation, as Ethereum has historically outperformed Bitcoin by approximately 20% per month during alt-seasons. As Bitcoin’s performance strengthens, so too does the likelihood of capital flowing into Ethereum and other altcoins. This rotation is already observable in the recent surge in Bitcoin dominance, which has mirrored patterns seen in previous alt-seasons around 2017 and 2021. At the time of writing, ETH, the largest altcoin on the market, is trading at $3,686, down 4.4% over the 24-hour period and nearly 6% over the week. Featured image from DALL-E, chart from TradingView.com Coinpaprika
Ripple’s New Stablecoin Launch Impacts XRP Prices
The cryptocurrency market experienced a correction after the XRP price fell significantly. Ripple`s launch of the RLUSD stablecoin played a role in this price decline. Continue Reading: Ripple’s New Stablecoin Launch Impacts XRP Prices The post Ripple’s New Stablecoin Launch Impacts XRP Prices appeared first on COINTURK NEWS . Coinpaprika
