Bitcoin has not moved much lately and some investors are worried that it falls behind. But Arthur Hayes, the co-founder of Bitmex, says it actually leads the peloton.
In one interview With Kyle Chasse, an experienced bitcoin and web3 entrepreneur, Hayes asked the investors to stay patient with Bitcoin, even as shares and gold heights. He shared his perspective on the current state of Bitcoin, the wider crypto market and the financial world.
Bitcoin still leads about shares and gold
Hayes pushed back on the idea that Bitcoin “lags out” compared to shares, gold or global liquidity. While traditional markets of all time touch highs, he reminded the investors that Bitcoin was the best performing assets against currency debits in history.
He pushed back on short -term thinking in Crypto. ‘If you thought you were going to buy Bitcoin and the next day you bought a Lamborghini, you will probably be liquidated because it is just not the right way to think about things, “” he said. “Everyone who bought it two, three, five or ten years ago laughs,“He added and noted that long -term holders do not emphasize about lateral movements.
He also explained that although the S&P 500 and the houses look strong in dollars, the index has still not been found to the levels of 2008 when it is measured against gold. He notes that only large American technology has maintained well against gold.
“If you empty things from Bitcoin, you can’t even see it on the graph. It’s just so ridiculous about how well Bitcoin has achieved,” He said and noted the exceptional performance of Bitcoin.
Hayes also said that people are the benefit of shares, crypto and everything that they are not enough. ‘I don’t believe in the 4-year cycle. I Believe that we can continue, $ 150,000- $ 200,000 bitcoin because of this huge macro overlay, what is happening now between now and the end of the decade, “” he said.
Fed -cuts can push Bitcoin higher
Hayes also shared his vision of monetary policy and said that the Federal Reserve is now firmly in an interest rate rate cycle. He expects an aggressive move during the next meeting, possibly a 50 -based Snedeman.
At the same time, he warned that inflation will probably be increased for the next 18 to 24 months. His message to investors was clear: if you do not hold hard assets such as Bitcoin, gold or at least strong US shares, you will lose the value of Erodes if the value of inflation.
Bitcoin keeps strong
Despite doubts, Bitcoin still keeps strong on his Bull Market Support Band in mid -September. Expert Benjamin Cowen Note that the dominance of Bitcoin has so far only rose 0.04% in September, and major profits usually come in October and November.
Crypto analyst Stretching capital Shared that Bitcoin has completed his minimally measured movement to around $ 109k and has since been back to $ 114k. It is currently being traded at $ 116,036.
He explained that a weekly closure above $ 114k would make it support and a bullish could feed to the range of $ 114k – $ 120k.