Bitcoin and its price trajectory have been the subject of constant speculation and debate in the cryptocurrency sector and the broader financial sector over the past few months. The expected macro shift over the coming months has made these conversations even more tense and perhaps more appropriate.
Among the latest contributions to these debates is Arthur Hayes, co-founder of Bitmex. He says Bitcoin investors need to curb expectations in terms of price movement. According to well-known cryptocurrencies, the best cryptocurrencies are still one of the best performing assets in the global market.
“After I buy BTC, I’m not going to buy a Lambo the next day”: Hayes
In a recent interview posted on Kyle Chasse’s YouTube channel, Hayes reiterated that Bitcoin investors need to exercise more patience and compare it to the stocks and minerals (especially gold, especially) markets. The former Bitmex CEO has asked a recent Bitcoin buyer to stop increasing the prices of the world’s biggest cryptocurrency.
Hayes said in an interview:
If you’re buying bitcoin and think you’re buying a Lamborghini the next day, it’s not the right way to think about things, so it’s probably been liquidated. Sorry to buy Bitcoin six months ago, but anyone who bought it 2, 3, 5 or 10 years ago is laughing.
Hayes dismissed the story that BTC is tracking stocks and gold markets. According to the founders, fresh crypto crowds need to recalibrate their perspective on Bitcoin’s price performance.
When asked by Chasse about when flagship cryptocurrencies would begin to attract more capital from the global M2 money supply, Hayes responded that the premise of such a question was flawed. The former Bitmex CEO claimed that BTC is the best performing asset in terms of currency collapse.
Hayes added:
The housing market has been contracted with gold again, not close to where it was. Big Technology in the US is probably one of the only things that has been contracted by gold. If you constrict things with Bitcoin, you can’t even see it on the charts. It’s pretty ridiculous how well Bitcoin works.
BTC prices have risen about 25% so far in 2025, and are still around 3-4 months. Meanwhile, the value of the flagship cryptocurrency has increased by more than 90% from last year.
Bitcoin price at a glance
At the time of this writing, BTC prices are just below the $116,000 level, and have not reflected any major changes over the past 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
ISTOCK featured images, TradingView chart
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