Arthur Hayes, co-founder of BitMEX
$152.97K
, recently shared his thoughts on how Bitcoin
In a conversation with Kyle Chasse published on YouTube, Hayes emphasized that expecting fast gains or immediate wealth from buying Bitcoin can lead to disappointment or financial losses.
He criticized the mindset of those who buy Bitcoin with the hope of making quick purchases like luxury cars. Hayes explained that such short-term thinking often fails.
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He noted that those new to Bitcoin should avoid comparing its current performance to the highs of other markets, such as gold or stocks. Recently, both gold and the S&P 500 hit record highs, while Bitcoin remains below its previous peak from mid-August.
Hayes pointed out that this is not the first time Bitcoin has taken time to climb. He noted that while short-term holders might feel frustrated, people who bought Bitcoin several years ago are still seeing strong returns.
In fact, according to Curvo data, Bitcoin has delivered an average annual return of over 80% in the past decade.
When Chasse asked when Bitcoin might attract more investment from global money markets, especially since traditional assets are reaching new highs, Hayes questioned the premise.
He argued that Bitcoin should not be evaluated using the same metrics as stocks or gold. Instead, he described it as one of the best assets to hold when currencies lose value.
Rivera, a Bitcoin financial firm, recently discovered that businesses and institutions are accumulating Bitcoin at a much faster rate than miners can generate new coins. How? Read the full story.
