Arthur Hayes urges Bitcoin investors to stop chasing quick profits, warning hype-driven expectations often lead to costly losses.
BitMEX co-founder Arthur Hayes has a clear message for new Bitcoin investors. He believes those who expect to get rich overnight are setting themselves up for disappointment.
In a recent interview with Kyle Chasse, Hayes said too many people treat Bitcoin as a ticket to quick luxury rather than a long-term store of value.
Why Patience Matters for Bitcoin Investors
“If you thought you were buying Bitcoin and the next day you were buying a Lamborghini, you’re probably getting liquidated,” Hayes said.
For him, this mindset is not only misguided but also dangerous for those who enter the market without understanding its cycles.
Arthur Hayes said the bull run is NOT OVER.
See why in comments👇👇👇 pic.twitter.com/2TT7Yh8ceO
— Kyle Chassé / DD🐸 (@kyle_chasse) September 13, 2025
Hayes explained that those who bought Bitcoin years ago are now in strong positions, while newcomers chasing fast returns are frustrated. He reminded viewers that Bitcoin has delivered an average annualised return of 82.4% over the last decade. That track record shows how the real reward comes to those who wait.
He noted that Bitcoin is not a stock or a commodity.
Its role is different, and short-term comparisons to gold or the S&P 500 miss the point. Investors who try to match Bitcoin’s performance against short-term movements in other assets tend to overlook its deeper purpose.
Comparing Bitcoin With Stocks and Gold
At the time of Hayes’s comments, Bitcoin was trading at about $116,000, which is still below its August all-time high of $124,100.
By contrast, the S&P 500 and gold had both reached fresh highs. Gold climbed to $3,674 and the S&P 500 closed at 6,587.
Some observers pointed to these milestones and asked why Bitcoin hadn’t moved in the same way. Hayes rejected that line of thinking. “The premise of that question is flawed,” he said.
In his view, Bitcoin is already the best-performing asset when adjusted for inflation and currency debasement.
Bitcoin Outshines When Adjusted for Inflation
Hayes argued that many traditional assets look weaker once you measure them in real terms.
He gave the example of the U.S. housing market, which remains far from its 2008 highs when priced against gold. Even the S&P 500, despite recent highs in dollar terms, loses ground when measured against gold.
He went further to say that when you measure assets against Bitcoin, the performance gap becomes even wider.
“If you deflate things by Bitcoin, you can’t even see it on the chart,” Hayes said. For him, this proves Bitcoin’s strength as a hedge against monetary debasement.
This perspective makes Bitcoin different from short-term trades.
Hayes believes that while volatility will always exist, the general market trend shows unmatched performance. Those who hold through cycles rather than chase immediate profits will benefit most.
Predictions and Market Outlook
Hayes has made massive predictions about Bitcoin’s future. Earlier this year, he predicted the price could reach $250,000 by the end of the year. His outlook was later echoed by Joe Burnett, Research Director at Unchained.
Both expect Bitcoin’s value to rise significantly as adoption grows.
Still, Hayes warned against seeing Bitcoin purely as a bet on short-term gains. Instead, he encouraged investors to think in years, not weeks.
This is consistent with his belief that BTC’s true role is as a defence against long-term inflation and weakening currencies.