Arthur Hayes Warns Bitcoin Investors Against Chasing Quick Gains
BitMEX co-founder Arthur Hayes is urging Bitcoin investors to shift their mindset away from short-term thinking and flashy expectations. In a recent interview, Hayes emphasized that the obsession with comparing Bitcoin to record highs in stocks and gold is misplaced and reflects a misunderstanding of Bitcoin’s long-term value.
Hayes argued that Bitcoin outperforms traditional assets when adjusted for inflation and currency debasement. He noted that when you deflate the housing market by gold, it’s not even close to 2008 levels, and the S&P 500 appears weaker when measured against gold. “If you deflate things by Bitcoin, you can’t even see it on the chart,” he said.
Hayes’ comments come as Bitcoin is currently trading at $116,007, still below its all-time high of $124,100 set on August 14. Meanwhile, the S&P 500 and gold both hit fresh record highs this week, $6,587 and $3,674, respectively, fueling questions about why Bitcoin hasn’t kept pace in recent weeks.
Bitcoin’s Long-Term Value
Despite the short-term volatility, Hayes remains firm in his belief that Bitcoin will outperform over time. In April 2025, he projected BTC could reach $250,000 by year-end. That prediction was echoed weeks later by Unchained Market Research Director Joe Burnett. For Hayes, Bitcoin is a long-term game, not a get-rich-quick trade.
However, young men are emerging as the dominant demographic in crypto ownership, viewing digital assets not just as investments, but as quick paths to wealth. This mindset is at odds with Hayes’ warnings, and it remains to be seen whether these investors will take a more patient approach to investing in Bitcoin.
Predictions and Warnings
As reported, Galaxy Digital CEO Mike Novogratz has pushed back on predictions that Bitcoin could hit $1 million in the near term, warning that such a move would likely reflect a collapse in the US economy rather than a crypto success story. “People who cheer for the million-dollar Bitcoin price next year, I was like, guys, it only gets there if we’re in such a shitty place domestically,” Novogratz told Natalie Brunell on the Coin Stories podcast recently.
On the other hand, Eric Trump has reiterated his $1 million Bitcoin prediction, citing rising demand from governments and major institutions. However, it’s essential to approach these predictions with caution and consider the potential implications of such a significant price increase.
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