Arthur Hayes, co-founder of the crypto exchange BitMEX, made several statements about the current state of the Bitcoin market and its prospects. He urges investors to reassess their expectations and exhibit patience.
Patience and Long-Term Investments
Hayes warns investors that expecting instant profit from Bitcoin can lead to disappointment. "Those who bought Bitcoin two, three, or even ten years ago are the real winners today," he noted. Newcomers to the market often feel frustrated that Bitcoin has not yet reached $150,000.
Future of Bitcoin Until 2026
Hayes believes that we are not at the end of the bull market, but rather somewhere in the middle. He predicts that the bull cycle could last until 2026. He expects that interest rate cuts from the U.S. Federal Reserve will lead to increased liquidity, which will positively impact Bitcoin prices.
Comparing Bitcoin to Other Assets
Some critics argue that Bitcoin looks weak compared to the S&P 500 index and gold, both of which recently reached record highs. Hayes disagrees, emphasizing that Bitcoin has significantly outperformed other assets over the long run. He asserts that Bitcoin's performance is "so ridiculous" that it dwarfs everything else.
In conclusion, Arthur Hayes emphasizes the importance of patience when investing in Bitcoin. He advises investors to hold onto their assets for the long term, as only patient investors will emerge as the true winners in this market.
