On March 11, Arthur Hayes tweeted that Bitcoin (BTC) is a global 24/7 market. Trading is unrestricted and cannot be issued. Failure means bankruptcy or liquidation. No country's finances depend on BTC to rise. In contrast, the stock market (Stonks) is only traded at 8/5, and only certain groups of people can participate. Although it cannot be issued, if it fails and has a political background, it will be bailed out. The fiscal revenue of the United States is directly related to the performance of the stock market, so the stock market will definitely be bailed out, but it is uncertain whether your portfolio will survive when the bailout occurs. Hayes believes that BTC is a truly free market, and the stock market is subject to policy intervention, so during a fiat liquidity crisis, the price of BTC tends to lead the stock market down and also lead the stock market rebound.