Arthur Hayes, co-founder of BitMEX, advised Bitcoin holders to remain patient and not be concerned about the recent record highs in gold and stock markets. In an interview, Hayes emphasized that questioning why Bitcoin hasn't surged alongside these assets misses the point. He cautioned against expecting quick profits from Bitcoin investments, suggesting that a long-term perspective is necessary.
Hayes highlighted that Bitcoin's value as a store of value remains strong, especially in the context of currency devaluation. Despite Bitcoin's current price being below its all-time high of $124,100, Hayes downplayed the significance of recent highs in gold and the S&P 500 index, which reached $3,674 and $6,587, respectively. He argued that the focus should be on Bitcoin's potential rather than short-term market movements.
Arthur Hayes Urges Bitcoin Holders to Stay Patient Amid Market Highs
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