Arthur Hayes: “Chasing a Quick Lambo With Bitcoin Is a Recipe for Liquidation”

Bitcoin Patience vs. “Quick Lambo” Mindset

BitMEX co-founder Arthur Hayes has a message for impatient Bitcoiners: stop expecting overnight riches. Speaking in a YouTube interview with Kyle Chasse, Hayes criticized investors who think buying Bitcoin today means buying a Lamborghini tomorrow.

“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 said.

He acknowledged the frustration of buyers who entered the market six months ago, but reminded them that anyone holding Bitcoin for two, three, or even 10 years is “laughing.”

Why Bitcoin Isn’t “Lagging” Behind

Bitcoin is currently trading around $116,007, below its all-time high of $124,100 set on Aug. 14, 2025, according to CoinMarketCap. Meanwhile, gold and the S&P 500 both hit fresh records this week at $3,674 and $6,587 respectively.

Kyle Chasse (left) interviewed Arthur Hayes (right) for his YouTube channel. Source: Kyle Chasse

But Hayes dismissed comparisons with equities and gold.

• “Bitcoin is the best performing asset when you think about currency debasement ever,” he argued.

• Data from Curvo shows Bitcoin has delivered an average annualized return of 82.4% over the past decade.

• He emphasized that, when measured against Bitcoin, traditional markets “don’t even show up on the chart.”

“Ridiculous” Long-Term Performance

Hayes highlighted how Bitcoin’s performance dwarfs other benchmarks:

• The S&P 500, while at record highs in dollar terms, still hasn’t fully recovered from the 2008 crisis when measured against gold.

• Even U.S. tech stocks lose their shine when compared to Bitcoin’s growth.

• “If you deflate things by Bitcoin, you can’t even see it on the chart; it is just so ridiculous about how well Bitcoin has performed,” Hayes said.

Bitcoin is down 6.09% over the past 30 days. Source: CoinMarketCap

Looking Ahead: $250K in Sight?

In April 2025, Hayes projected that Bitcoin would reach $250,000 by year-end — a forecast later echoed by Joe Burnett, Research Director at Unchained. While BTC remains below that target for now, Hayes insists that focusing on long-term gains — not day-to-day comparisons with gold or stocks — is the key to understanding Bitcoin’s value proposition.

Key Takeaways

• Short-term traders risk liquidation if they expect instant profits from Bitcoin.

• BTC has averaged 82.4% annual returns over the past decade.

• At ~$116K, Bitcoin is below ATH but far outpaces stocks and gold over time.

• Hayes still stands by his $250K Bitcoin prediction for 2025.