PANews reported on September 13th that, according to Cointelegraph, BitMEX co-founder Arthur Hayes stated in an interview with Kyle Chasse that Bitcoin holders need to be more patient and stop worrying about stocks and gold hitting record highs, as questioning why Bitcoin hasn't risen completely misses the point. "If you think you're buying Bitcoin and then buying a Lamborghini the next day, you're likely going to be liquidated because that's not the right way to think about it. I'm sorry you bought Bitcoin six months ago, but anyone who bought Bitcoin two, three, five, or ten years ago wouldn't think that way. People need to recalibrate their perspective on this issue."
According to CoinMarketCap data, Bitcoin prices continue to fall below their all-time high of $124,100 reached on August 14th. Meanwhile, gold and the S&P 500 index reached record highs of $3,674 and $6,587, respectively, this week. Hayes downplayed the significance of these highs relative to Bitcoin and refuted questions about when Bitcoin and the crypto market will begin to attract global M2 inflows, arguing that the premise of the question is flawed. "When considering currency devaluation, Bitcoin remains the best store of value."
