Bitcoiners chasing a quick Lambo are heading for a wipeout: Arthur Hayes
Arthur Hayes says that Bitcoiners buying Bitcoin one day and expecting a Lamborghini the next is “not the right way to think about things.”
BitMEX co-founder Arthur Hayes says Bitcoin holders need to be more patient and stop worrying about stocks and gold hitting record highs, because asking why Bitcoin isn’t higher misses the point.
“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,” Hayes told Kyle Chasse in an interview published to YouTube on Friday.
“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 said, echoing the frustrations of recent Bitcoin (BTC) buyers who are asking why Bitcoin’s price isn’t trading at $150,000 yet.
