Arthur Hayes: BTC is a free market. When the stock market is subject to policy intervention and liquidity crisis, BTC will first fall and then rise

Arthur Hayes tweeted that Bitcoin (BTC) is a global 24/7 market, with unrestricted trading, cannot be inflated, failure means bankruptcy or liquidation, and does not rely on any country's financial system for BTC to rise. In contrast, the stock market (Stonks) only trades 8/5, with only specific individuals able to participate. Although it cannot be inflated, if it fails with political backing, it will receive assistance. The financial income of the United States is directly related to the performance of the stock market, so the stock market will definitely receive assistance, but it is uncertain whether your investment portfolio will survive when assistance occurs. Hayes believes that BTC is a true free market, while the stock market is subject to policy intervention, so during fiat liquidity crises, the price of BTC often leads the stock market in decline and also leads the stock market in rebound.