PANews reported on March 11 that Arthur Hayes tweeted that Bitcoin (BTC) is a global 24/7 market with no restrictions on trading, and cannot be re-issued. Failure means bankruptcy or liquidation, and no country's finances rely on BTC to rise. In contrast, the stock market (Stonks) is only traded on 8/5, and only certain groups of people can participate. Although it cannot be re-issued, if it fails and has a political background, it will be bailed out. The US fiscal revenue is directly related to the performance of the stock market, so the stock market will definitely be bailed out, but it is uncertain whether your portfolio will survive when the bailout occurs.
Hayes believes that BTC is a truly free market, while the stock market is subject to policy intervention. Therefore, during a fiat currency liquidity crisis, the price of BTC tends to fall ahead of the stock market and also rebound ahead of the stock market.
