Arthur Hayes: Why Sovereign Nations Prefer Gold Over Bitcoin BitMEX co-founder Arthur Hayes discussed the differences between gold and Bitcoin during an interview with the Coin Bureau channel on November 3. Hayes emphasized that sovereign nations currently still favor gold as a safe-haven asset, while individual investors are more drawn to Bitcoin's high volatility and self-custody advantages. He predicted that in the future, Bitcoin might converge with gold in the narrative of the U.S. dollar's devaluation, but in the short term, sovereign purchasing behavior will continue to differentiate the performance of the two assets. Notably, Hayes mentioned the recent oil trade settlements in Chinese yuan between Saudi Arabia and China, suggesting that this geopolitical shift could further undermine the foundation of U.S. dollar hegemony and support Bitcoin's long-term value. Video source: https://youtu.be/FiR06Klq7R8?si=tjknlJGZUC8ILPtY