Hayes Urges Bitcoin Holders to Prioritize Long-Term Growth Over Quick Profits
BitMEX co-founder Arthur Hayes warns traders against chasing quick profits in Bitcoin, citing high liquidation risk for short-term positions. He frames Bitcoin as a long-term store of value, highlighting its 10-year annualized return of 82.4% and outperformance versus gold and stocks after inflation and currency debasement. Although trading near $116,000—below the $124,100 all-time high—Bitcoin’s hedging utility remains strong. Initially forecasting a $250,000 peak by year-end, Hayes later set this target for the end of 2025, aligning with Unchained Market Research. He advises a disciplined strategy: hold through market cycles and prepare for ongoing volatility. Crypto traders should focus on long-term growth and asset resilience rather than short-term market spikes.
Bullish
In the short term, Hayes’ emphasis on liquidation risk and expected volatility may encourage caution, leading to choppy trading and reduced leverage. However, his strong long-term forecast—anchored by Bitcoin’s 82.4% annualized return and $250,000 price target by end of 2025—reinforces a bullish outlook. Traders may respond by increasing or holding positions, attracted by the store-of-value narrative and growth projections. Over time, disciplined holding through market cycles could stabilize demand and reduce sell-side pressure, supporting higher Bitcoin prices and a bullish market trend.