Arthur Hayes Blog: Why Will Bitcoin Underperform Gold and Nasdaq in 2025? In his blog, Arthur Hayes stated that Bitcoin underperforming gold and Nasdaq in 2025 is expected, mainly due to its price being influenced by declining USD liquidity. Gold's rise is driven by sovereign nations stockpiling it as a hedge against the risk of U.S. debt confiscation, while Nasdaq's growth benefits from strong government support for the AI industry. Hayes predicts that USD liquidity will expand in 2026 (with the Fed's balance sheet growing, increased bank lending, and lower mortgage rates), which could drive Bitcoin prices higher. Read the full article: https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=55192