{"id":625803,"date":"2024-06-21T14:00:06","date_gmt":"2024-06-21T14:00:06","guid":{"rendered":"https:\/\/wncen.com\/?p=625803"},"modified":"2024-06-21T10:39:59","modified_gmt":"2024-06-21T10:39:59","slug":"bitcoin-drops-below-64000-arthur-hayes-buy-the-dip","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/","title":{"rendered":"Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’"},"content":{"rendered":"

Bitcoin is experiencing a significant decline today, dipping below the $64,000 mark to a low of $63,564. This drop represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Amidst this downward trend, Arthur Hayes, the co-founder of BitMEX, is not only maintaining his bullish stance on Bitcoin but actively encouraging investment, advocating a strategy to ‘buy the dip.’ His optimism and advice are deeply rooted in an analysis<\/a> of global economic conditions and central bank policies, which he believes will favor cryptocurrencies like Bitcoin.<\/p>\n

Buy The Bitcoin Dip?<\/h2>\n

Hayes\u2019s insights draw attention to the aggressive monetary policies implemented by central banks, particularly the US Federal Reserve. These policies, including rapid interest rate hikes<\/a>\u2014the most aggressive since the 1980s\u2014were initiated in response to rising inflation in the United States. The hikes have had a profound impact on the bond market, particularly affecting US Treasuries (USTs)<\/a>, which saw a decrease in prices due to the rising yields. Japanese banks, in search of yield amid domestically near-zero interest rates, had heavily invested in these USTs.<\/p>\n

Related Reading: 3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO<\/a><\/div>\n

The strategy backfired when US rates rose, leading to significant paper losses for these banks. Hayes specifically points to the situation with Norinchukin Bank, which was compelled to sell off $63 billion in foreign bonds, mostly USTs, to reduce these losses. This scenario underscores a broader trend among Japanese banks<\/a>, which may need to continue offloading USTs and other foreign bonds as they adjust to the new economic realities imposed by US monetary policy.<\/p>\n

Hayes argues that these developments have critical implications for the crypto market, particularly Bitcoin. He notes that the responses by central banks to stabilize financial markets\u2014such as the Federal Reserve’s decision to provide a blanket backstop in March 2023 following a series of bank failures\u2014indirectly benefit cryptocurrencies. This intervention led to a surge in Bitcoin’s price, reinforcing its status as a viable alternative investment during times of financial instability.<\/p>\n

Moreover, Hayes points out the operational details of the FIMA repo facility, which was expanded by the Fed to bolster liquidity. He explains, “A rise in the FIMA repo facility indicates an addition of dollar liquidity to the global money markets. Y\u2019all know what that means for Bitcoin and crypto \u2026 which is why I thought it necessary to alert readers about another avenue of stealth money printing.” This mechanism allows central banks to exchange their holdings of USTs for dollars, increasing the dollar supply without flooding the market with bonds and potentially driving up yields.<\/p>\n

Related Reading: German Government\u2019s Bitcoin Dump Surpasses $195M As Selling Spree Persists<\/a><\/div>\n

The implications for Bitcoin and other cryptocurrencies are profound, according to Hayes. He suggests that as central banks, particularly the Bank of Japan, might use these facilities to manage their exposure to USTs, the resultant increase in dollar liquidity could drive investors towards cryptocurrencies. This movement is seen as a hedge against potential inflation and currency debasement resulting from these monetary expansions.<\/p>\n

Hayes vividly describes the effect of these macroeconomic maneuvers<\/a> on the crypto market: “Just as many began to wonder where the next jolt of dollar liquidity would come from, the Japanese banking system dropped Origami cranes composed of crisply folded dollar bills upon the laps of crypto investors. This is just another pillar of the crypto bull market. The supply of dollars must increase to maintain the current Pax Americana dollar-based filthy financial system.”<\/p>\n

In a rallying call to the crypto community, Hayes concludes, “Say it with me, \u2018Shikata Ga Nai\u2019, and buy the fucking dip!” Through this declaration, he underscores his belief that despite the volatile market conditions, the underlying economic and monetary developments are creating favorable conditions for Bitcoin’s growth. His analysis suggests that savvy investors should view the current price drops as buying opportunities, given the broader economic backdrop that he believes will continue to propel interest and investment in cryptocurrencies.<\/p>\n

At press time, BTC traded at $64,159.<\/p>\n

\"Bitcoin
BTC price dips below $64,000, 1-day chart | Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Forkast News, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is experiencing a significant decline today, dipping below the $64,000 mark to a low of $63,564. This drop represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Amidst this downward trend, Arthur Hayes, the co-founder of BitMEX, is not only maintaining his bullish stance on Bitcoin but actively encouraging investment, advocating a strategy to ‘buy the dip.’ His optimism and advice are deeply rooted in an analysis of global economic conditions and central bank policies, which he believes will favor cryptocurrencies like Bitcoin. Buy The Bitcoin Dip? Hayes\u2019s insights draw attention to the aggressive monetary policies implemented by central banks, particularly the US Federal Reserve. These policies, including rapid interest rate hikes\u2014the most aggressive since the 1980s\u2014were initiated in response to rising inflation in the United States. The hikes have had a profound impact on the bond market, particularly affecting US Treasuries (USTs), which saw a decrease in prices due to the rising yields. Japanese banks, in search of yield amid domestically near-zero interest rates, had heavily invested in these USTs. Related Reading: 3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO The strategy backfired when US rates rose, leading to significant paper losses for these banks. Hayes specifically points to the situation with Norinchukin Bank, which was compelled to sell off $63 billion in foreign bonds, mostly USTs, to reduce these losses. This scenario underscores a broader trend among Japanese banks, which may need to continue offloading USTs and other foreign bonds as they adjust to the new economic realities imposed by US monetary policy. Hayes argues that these developments have critical implications for the crypto market, particularly Bitcoin. He notes that the responses by central banks to stabilize financial markets\u2014such as the Federal Reserve’s decision to provide a blanket backstop in March 2023 following a series of bank failures\u2014indirectly benefit cryptocurrencies. This intervention led to a surge in Bitcoin’s price, reinforcing its status as a viable alternative investment during times of financial instability. Moreover, Hayes points out the operational details of the FIMA repo facility, which was expanded by the Fed to bolster liquidity. He explains, “A rise in the FIMA repo facility indicates an addition of dollar liquidity to the global money markets. Y\u2019all know what that means for Bitcoin and crypto \u2026 which is why I thought it necessary to alert readers about another avenue of stealth money printing.” This mechanism allows central banks to exchange their holdings of USTs for dollars, increasing the dollar supply without flooding the market with bonds and potentially driving up yields. Related Reading: German Government\u2019s Bitcoin Dump Surpasses $195M As Selling Spree Persists The implications for Bitcoin and other cryptocurrencies are profound, according to Hayes. He suggests that as central banks, particularly the Bank of Japan, might use these facilities to manage their exposure to USTs, the resultant increase in dollar liquidity could drive investors towards cryptocurrencies. This movement is seen as a hedge against potential inflation and currency debasement resulting from these monetary expansions. Hayes vividly describes the effect of these macroeconomic maneuvers on the crypto market: “Just as many began to wonder where the next jolt of dollar liquidity would come from, the Japanese banking system dropped Origami cranes composed of crisply folded dollar bills upon the laps of crypto investors. This is just another pillar of the crypto bull market. The supply of dollars must increase to maintain the current Pax Americana dollar-based filthy financial system.” In a rallying call to the crypto community, Hayes concludes, “Say it with me, \u2018Shikata Ga Nai\u2019, and buy the fucking dip!” Through this declaration, he underscores his belief that despite the volatile market conditions, the underlying economic and monetary developments are creating favorable conditions for Bitcoin’s growth. His analysis suggests that savvy investors should view the current price drops as buying opportunities, given the broader economic backdrop that he believes will continue to propel interest and investment in cryptocurrencies. At press time, BTC traded at $64,159. Featured image from Forkast News, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":625807,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[230,428,656,679,680,1122],"class_list":["post-625803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-arthur-hayes","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-analysis","tag-btc-price"],"acf":[],"yoast_head":"\nBitcoin Drops Sub-$64,000: Arthur Hayes Advocates 'Buy The Dip'<\/title>\n<meta name=\"description\" content=\"Bitcoin is experiencing a significant decline today, dipping below the $64,000 mark to a low of $63,564, but Arthur Hayes says "buy the dip."\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Drops Sub-$64,000: Arthur Hayes Advocates 'Buy The Dip'\" \/>\n<meta property=\"og:description\" content=\"Bitcoin is experiencing a significant decline today, dipping below the $64,000 mark to a low of $63,564, but Arthur Hayes says "buy the dip."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-21T14:00:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-21T10:39:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222\" \/>\n\t<meta property=\"og:image:width\" content=\"1750\" \/>\n\t<meta property=\"og:image:height\" content=\"1222\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’\",\"datePublished\":\"2024-06-21T14:00:06+00:00\",\"dateModified\":\"2024-06-21T10:39:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/\"},\"wordCount\":706,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222\",\"keywords\":[\"Arthur Hayes\",\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"Bitcoin price analysis\",\"btc price\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/\",\"name\":\"Bitcoin Drops Sub-$64,000: Arthur Hayes Advocates 'Buy The Dip'\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222\",\"datePublished\":\"2024-06-21T14:00:06+00:00\",\"dateModified\":\"2024-06-21T10:39:59+00:00\",\"description\":\"Bitcoin is experiencing a significant decline today, dipping below the $64,000 mark to a low of $63,564, but Arthur Hayes says \\\"buy the dip.\\\"\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222\",\"width\":1750,\"height\":1222,\"caption\":\"Arthur Hayes Crypto news\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Drops Sub-$64,000: Arthur Hayes Advocates 'Buy The Dip'","description":"Bitcoin is experiencing a significant decline today, dipping below the $64,000 mark to a low of $63,564, but Arthur Hayes says \"buy the dip.\"","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Drops Sub-$64,000: Arthur Hayes Advocates 'Buy The Dip'","og_description":"Bitcoin is experiencing a significant decline today, dipping below the $64,000 mark to a low of $63,564, but Arthur Hayes says \"buy the dip.\"","og_url":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-06-21T14:00:06+00:00","article_modified_time":"2024-06-21T10:39:59+00:00","og_image":[{"width":1750,"height":1222,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222","type":"image\/png"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’","datePublished":"2024-06-21T14:00:06+00:00","dateModified":"2024-06-21T10:39:59+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/"},"wordCount":706,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222","keywords":["Arthur Hayes","bitcoin","Bitcoin news","bitcoin price","Bitcoin price analysis","btc price"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/","url":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/","name":"Bitcoin Drops Sub-$64,000: Arthur Hayes Advocates 'Buy The Dip'","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222","datePublished":"2024-06-21T14:00:06+00:00","dateModified":"2024-06-21T10:39:59+00:00","description":"Bitcoin is experiencing a significant decline today, dipping below the $64,000 mark to a low of $63,564, but Arthur Hayes says \"buy the dip.\"","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222","width":1750,"height":1222,"caption":"Arthur Hayes Crypto news"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’","url":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["arthur hayes","bitcoin","bitcoin news","bitcoin price","bitcoin price analysis","btc price"],"dateCreated":"2024-06-21T14:00:06Z","datePublished":"2024-06-21T14:00:06Z","dateModified":"2024-06-21T14:00:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-drops-below-64000-arthur-hayes-buy-the-dip\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Screenshot-2024-06-21-114140.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"arthur hayes\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price analysis\",\"btc price\"],\"dateCreated\":\"2024-06-21T14:00:06Z\",\"datePublished\":\"2024-06-21T14:00:06Z\",\"dateModified\":\"2024-06-21T14:00:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-21-114140.png?fit=1750%2C1222","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/625803"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=625803"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/625803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/625807"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=625803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=625803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=625803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}