In a recent interview, BitMEX co-founder Arthur Hayes discussed the current state of Bitcoin and its comparison with other assets such as gold and stocks. Hayes emphasizes that over the long term, Bitcoin outperforms other investments.
Correct Investment Benchmarks
Hayes asserts that many investors make the mistake of comparing Bitcoin to assets that it has already left behind. He pointed out that traditional assets like gold and equities have not regained their positions since the 2008 financial crisis. In this context, Bitcoin is showing impressive growth that cannot be adequately reflected in traditional charts.
Predictions and Expectations
Despite recent price fluctuations, Hayes remains confident that Bitcoin could reach $250,000 by the end of the year. He noted that recent buyers may feel frustrated due to price declines, but believes a significantly more favorable outcome awaits long-term holders.
Bitcoin Market in the Long Term
Hayes stressed that Bitcoin should not be seen as a short-term opportunity for quick wealth. According to him, those willing to hold the asset over the long term will see results measured in decades, not days.
Hayes's discussion highlights the importance of long-term investments in Bitcoin and the need to move away from short-term comparisons with other assets such as gold and stocks. Bitcoin, in his view, becomes the most effective response to currency debasement.
