Bitcoin and its price trajectory have remained a subject of constant speculation and debate in the cryptocurrency space and the broader financial sector over the past few months. With the expected macro shifts over the coming months, these conversations have become even more tense and perhaps more pertinent.
Among the latest to contribute to these discussions is BitMEX co-founder Arthur Hayes, who says that Bitcoin investors need to rein in their expectations in terms of price movements. According to the prominent crypto figure, the premier cryptocurrency is still one of the best-performing assets in the global market.
‘You Are Not Going To Buy A Lambo The Next Day After Buying BTC’: Hayes
In a recent interview posted on Kyle Chasse’s YouTube channel, Hayes reiterated the need for Bitcoin investors to exercise more patience and avoid comparing it to the stocks and mineral (gold, specifically) market. The former BitMEX CEO asked recent Bitcoin buyers to stop calling for higher prices for the world’s largest cryptocurrency.
Hayes said in the interview:
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. I’m sorry that you bought Bitcoin six months ago, but anyone who bought it two, three, five, or 10 years ago, they’re laughing.
Hayes dismissed the narrative that BTC is trailing the stocks and gold market, both of which recently reached new all-time highs. According to the founder, the fresh crypto crowd needs to readjust their perspective on Bitcoin’s price performance, which is over 6% beneath its record high of $124,128.
When questioned by Chasse as to when the flagship cryptocurrency will start attracting more capital from the global M2 money supply, Hayes responded that the premise of such a question is flawed. The former BitMEX CEO argued that BTC is the best performing asset in terms of currency debasement.
Hayes added:
Deflate the housing market by gold again and not anywhere close to where it was. Big US tech is probably one of the only things that has done well, deflated by gold. If you deflate things by Bitcoin, you can’t even see it on the chart; it is just so ridiculous about how well Bitcoin has performed.
The price of BTC is up by about 25% so far in 2025, with about 3 – 4 months still to go. Meanwhile, the flagship cryptocurrency has increased in value by more than 90% over the last year.
Bitcoin Price At A Glance
As of this writing, the price of BTC sits just beneath the $116,000 level, reflecting no significant change in the past 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView