Arthur Hayes to New Bitcoin Investors: Be Patient, Not Impatient

BitMEX co-founder Arthur Hayes says that Bitcoin investors should adjust their expectations, warning against prioritising immediate gains. Speaking in an interview with Kyle Chasse, he said that anyone who thought Bitcoin could deliver instant wealth had the wrong mindset.

If you thought you were buying Bitcoin and the next day you were buying a Lamborghini, you’re probably getting liquidated because it is not the right way to think about things.

Arthur Hayes, BitMEX Co-Founder

Hayes added that those who entered the market in recent months may be disappointed, but individuals who invested two, three, or even ten years ago are “laughing” at the current situation. He said newer buyers should look at the long-term picture instead of expecting overnight success.

Related: Ex-BitMEX Boss Hayes Sees Bitcoin Breaching $1M by 2028 on Global Financial Strains

Highlighting Bitcoin’s Resilience

Bitcoin is currently trading at US$115,890 (AU$174,107), below its record high of US$124,100 (AU$186,338) set on 14 August. Hayes said that asking why Bitcoin hasn’t gone higher “misses the point,” noting that even though gold hit US$3,674 (AU$5,522) and the S&P 500 closed at 6,587, Bitcoin still outperforms as a long-term store of value.

According to Curvo data, Bitcoin has averaged an annual return of 82.4% over the past decade. Hayes highlighted that if traditional markets were measured against Bitcoin, their performance would barely register, highlighting the strength of the cryptocurrency’s long-term growth. 

In April, Hayes forecast that Bitcoin could rise to US$250,000 (AU$375,625) by year-end, a view later shared by Unchained Market Research Director Joe Burnett in May. Despite near-term fluctuations, Hayes insisted that Bitcoin’s broader trajectory continues to demonstrate why patience is essential for investors entering the market.

Related: SEC Delays Decisions on Bitcoin, Ethereum, Solana, and XRP ETFs Until October