Arthur Hayes: Bitcoin holders need more patience, and their historical performance has long been "unable to match" compared to other mainstream assets

According to BlockBeats, on September 13, BitMEX co-founder Arthur Hayes said in an interview with Kyle Chasse that Bitcoin holders need more patience and do not have to worry about stocks and gold hitting new highs in a row, because they questioned why Bitcoin did not break through the previous high and completely deviated from the focus. "If you think you can buy Bitcoin today and exchange Lamborghini tomorrow, you are likely to face a liquidation - this way of thinking is wrong in itself. Unfortunately, you bought Bitcoin half a year ago, but those who hold it for two, three, five or ten years are laughing at the storm, and people need to readjust their cognitive perspective." The gold and S&P 500 index hit record highs of $3,674 and $6,587 respectively this week, while Bitcoin is still below the all-time high of $124,100 set on August 14. Hayes downplayed the significance of these highs compared to Bitcoin and refuted the question about "when Bitcoin and crypto markets start to attract global M2 capital inflows", believing that the premise of the question itself is flawed, "Bitcoin is always the best value-preserving asset when considering currency depreciation." Hayes said that although the S&P 500 "has risen in US dollars", it has not yet recovered from its 2008 level as measured by gold prices. "The real estate market is far worse than before when it was converted to gold. US tech stocks may be the few assets that still perform well in gold. If Bitcoin is converted to other assets, it will be almost impossible to show on the chart - Bitcoin is performing incredibly well."