In a comprehensive interview with Bitmex’s founding partner Arthur Hayes, investor Kyle Chasse, Bitcoin 
$115,597.97He argued that it offers a much larger picture than daily price comparisons. According to Hayes, Bitcoin’s discourse is misleading, while gold and stock markets break records. Gold increased to $ 3,674, while the S&P closed at the 500 6,587 level. However, despite the fact that Bitcoin has been at the levels of $ 116,000, it has provided an average of 80 %annually in the last decade. Hayes’s message is clear: “Look away.” So those who took Bitcoin years ago are still in a lucrative position.
Get rid of wrong comparisons
According to Hayes, the biggest mistake is to compare the value of Bitcoin with gold or stocks. Emphasizing that even after the 2008 financial crisis, US stocks could not compensate for the loss of gold, Hayes argued that Bitcoin’s performance was too strong to be measured even with traditional graphics. For this reason, Bitcoin describes Bitcoin as an ordinary investment tool, but as the most powerful response created against the loss of value of money.
Long -term expectations are strong
Bitcoin, which has decreased by 6 %in the last month, is uneasy in the short term, and is still a great rise potential for Hayes. In April, Hayes said that Bitcoin could see $ 250,000 by the end of the year and other analysts such as Joe Burnett of Unchained Market Research. Hayes acknowledges that those who invest in the last six months may be impatient, but reminds us that Bitcoin is designed for long -term value gain, not for rapid wealth.
On the other hand, the total reserve of Bitcoin investment products in the past week reached 1.47 million BTC and coincided with 7 %of the supply. This ratio shows the confidence of investment funds to Bitcoin. “The corporate interest in Bitcoin ETFs can ensure that the price is supported in the long run, ği the analysts argues that Bitcoin is a stance against the global financial system, not the ‘portfolio pen’, just as Hayes said.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
