Arthur Hayes: Bitcoin holders need to be patient and not worry about gold and stocks hitting new highs

PANews September 13th news, according to Cointelegraph, BitMEX co-founder Arthur Hayes said in an interview with Kyle Chasse that Bitcoin holders need to be more patient and not worry about stocks and gold hitting record highs, because asking why Bitcoin did not rise completely deviate from the focus. "If you think you bought Bitcoin and bought a Lamborghini the next day, you're likely to be liquidated because that's not the right way to think about it. I'm sorry you bought Bitcoin six months ago, but no one who bought Bitcoin two, three, five or ten years ago would think so. People need to readjust what they think about this issue." According to CoinMarketCap data, the price of Bitcoin continues to fall below the all-time high of $124,100 set on August 14. Meanwhile, the gold and S&P 500 index hit record highs of $3,674 and $6,587 respectively this week. Hayes downplayed the significance of these highs compared to Bitcoin and refuted the question about “when will 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.”