Bitmex co-founder Arthur Hayes says Bitcoin owners need to be more patient and worry about higher stock and gold hit rates.
“If you’re buying Bitcoin and you think you’re buying a Lamborghini the next day, it’s probably liquidated because it’s not the right way to think about things,” Hayes told Kyle Chasse in an interview published on YouTube on Friday.
“I’m sorry I bought Bitcoin six months ago, but anyone who bought it two, three, five or ten years ago is laughing,” Hayes said.
“People need to readjust their perspective on this,” he said. Curvo data shows that Bitcoin has seen an average annual return rate of 82.4% over the past decade.
Hayes shoots down the idea that Bitcoin is behind
According to CoinmarketCap, Bitcoin continues trading below $124,100, a record high that reached on August 14th.
Meanwhile, the Gold and S&P 500 hit new all-time highs this week, at $3,674 and $6,587, respectively.
Hayes dismissed the importance of these highs against Bitcoin, pushing back questions from Chasse about how Bitcoin and the broader crypto market could trigger a global M2 inflow given that stocks and gold are reaching all-time highs.
“I think the premise of that question is flawed,” Hayes said. “Bitcoin is the best performance asset when we think about the currency collapse to date,” Hayes said.
Bitcoin performance is “very ridiculous,” Hayes says
Hayes said the S&P 500 is “on dollar terms,” ​​but has yet to recover since 2008 when compared to gold prices. “We’ve retarded the housing market with gold again and it’s not close to where it was,” he added.
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“Big Technology in the US is probably one of the only things that has been contracted well by money,” he said.
“If you shrink things with Bitcoin, you can’t even see it on the charts. It’s so ridiculous about how well Bitcoin works,” he said.
In April 2025, Hayes predicted that Bitcoin would reach $250,000 by the end of the year, and in May, unchained market research director Joe Barnett made the same prediction.
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