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News Link • Bitcoin

Bitcoin's Biggest Bull Isn't 'Long Crypto', He's 'Short Government'

• by Tyler Durden

"Buying gold is just buying a put against the idiocy of the political cycle. It's That Simple"

And now, as interest in Bitcoin surges, Arthur Hayes, a former CitiGroup trader who runs BitMEX - a Hong Kong-based crypto exchange - asks an interesting question - In the coming war between digital currencies, which side will your money be on?

As CoinDesk reports, Hayes thinks blockchain is lighting a fuse that will ignite open combat between "true cryptocurrencies" (like bitcoin) and a new "digital fiat" controlled by central banks.

These two parallel currency systems are the inevitable outcome of his core investing thesis:

"A digital society needs digital cash."

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