BitMex Co-Founder Arthur Hayes said Bitcoin holders need to be more patient and stop worrying about stocks and gold scratches of record highs, as asking why Bitcoin is not higher.
“If you thought you were buying bitcoin and the next day you bought a Lamborghini, you probably obscured because it’s not the right way to think about things,” Hayes said Kyle Chasse in an interview published on YouTube on Friday.
“Sorry you bought bitcoin six months ago, but anyone who bought it two, three, five, or 10 years ago, they were laughing,” said Hayes, reflecting the failures of recent bitcoin (Btc) Consumers asking why the price of bitcoin is not trading at $ 150,000.
“People need to adjust their views on it,” he said. Curvo data Shut up That bitcoin has seen an average annual return of 82.4% over the past ten years.
Hayes shot the idea that Bitcoin was caught
It came as Bitcoin continued to trade below the full time of $ 124,100 reached on August 14, currently sitting at $ 116,007 at the time of publication, According to In coinmarketcap.
Meanwhile, gold and the S&P 500 reached new all-time highs this week of $ 3,674 and $ 6,587, respectively.
Hayes eliminated the importance of these high relatives in Bitcoin and pushed a question from the chasse, about when Bitcoin and the broader crypto market could start attracting global M2 flowers, given that stocks and gold were hitting all the time.
“I think the premise of that question is wrong,” Hayes said. “Bitcoin is the best performing possession when you think about money debasement ever,” Hayes said.
Bitcoin’s performance “is just funny,” Hayes said
Hayes said while the S&P 500 was “up in terms of dollars,” it has not been recovered since 2008 compared to the price of gold. “I -Deflate the housing market by gold again and not anywhere near where it is,” he added.
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“Big US tech is probably one of the things that gold has done well,” he said.
“If you get rid of things through Bitcoin, you can’t see it on the chart; it’s ridiculous -laughs about how well Bitcoin performs,” he said.
In April 2025, Hayes is expected to Bitcoin was up to $ 250,000 at the end of this year, and only a month later, in May, unchained market research director Joe Burnett made the same prediction.
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