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Arthur Hayes: Bitcoin Is Not a Ticket to Fast Wealth

Key Takeaways

  • ​Arthur Hayes warns that expecting fast profits from Bitcoin often leads to poor outcomes and urges investors to focus on long-term gains;
  • Comparing Bitcoin's short-term performance to rising markets like gold or stocks misses the broader value it offers over time;
  • Hayes argues Bitcoin should not be judged by traditional standards, as it performs best when fiat currencies weaken.

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Arthur Hayes: Bitcoin Is Not a Ticket to Fast Wealth

Arthur Hayes, co-founder of BitMEX $78.27K , recently shared his thoughts on how Bitcoin BTC $115,143.02 investors should approach the market.

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.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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