Arthur Hayes Warns Against Chasing Bitcoin Highs, Urges Long-Term Patience

Highlights:

• Hayes warned that chasing record prices can be risky, as sharp drops often follow.
• He expects the crypto rally to keep going until 2026 with U.S. stimulus.
• Hayes believes trillions could flow into stablecoins, fueling growth in crypto and DeFi.

In his latest interview with Kyle Chasse, Arthur Hayes, former BitMEX co-founder, warns Bitcoin investors against chasing quick profits and short-term highs. He explained that many people focus too much on past peaks while overlooking the risks that come with sudden pullbacks. Hayes stressed that patience and a long-term mindset are crucial for navigating the market safely.

Hayes cautioned that investors should not assume new highs automatically guarantee further profits, as rapid spikes often lead to overconfidence and risky behavior. Instead, he stressed that lasting growth will depend on broader economic forces, including inflation trends, institutional adoption, and regulatory policies shaping the market. “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,” said Hayes.

Hayes said he feels for those who bought Bitcoin just six months ago, but noted that long-term holders from two, five, or even ten years back are still sitting comfortably in profit. He pointed out that some newer buyers keep asking why Bitcoin hasn’t reached $150,000 yet, but patience is key.

🚨 THE BIG PRINTING HASN’T EVEN STARTED 👀@CryptoHayes believes this market could run well into 2026, with Trump expected to juice the economy by mid-2026.

He says politicians fear change, investors are underpricing the upside across assets, and we’re NOT at the end yet.… pic.twitter.com/N96Y7aRh0f

— Kyle Chassé / DD🐸 (@kyle_chasse) September 12, 2025

Hayes Warns Investors While Expecting Crypto Rally to Continue

Arthur Hayes warned that chasing record crypto prices can lead to quick losses. Many focus on past peaks, but markets often fall back. He said assuming crypto will rise just because stocks or gold hit highs is wrong, as prices can stall or drop suddenly.

He predicts the current crypto rally could continue until 2026, expecting economic stimulus under Trump to support growth mid-year. Hayes also noted that while policymakers resist major shifts, the real “big printing” phase has not yet begun. He believes the coming liquidity surge could reshape expectations for both traditional and digital markets.

These remarks come just before the expected 25 bps Fed rate cut at the September FOMC meeting. Hayes cautioned that overlooking economic signals can be dangerous. If stimulus falls short or inflation climbs quickly, prices may decline. 

Expert Says Bitcoin Outshines Stocks and Gold Despite Record Highs

Hayes rejected the idea that record highs in stocks or gold should matter for Bitcoin’s performance. He responded to Kyle Chasse’s question about when Bitcoin and the wider crypto market might see greater inflows from the global M2 money supply. Hayes said the assumption behind such questions is flawed, stressing that Bitcoin has already proven itself as the strongest-performing asset in history when measured against currency debasement.

Hayes Sees Trillions Flowing Into Stablecoins

Arthur Hayes remains strongly bullish on stablecoins and the broader crypto market, expecting massive capital inflows ahead. He explained that if the U.S. ends bailout guarantees on Eurodollars, trillions could shift into stablecoins backed by Treasuries and bank deposits.

According to Hayes, this shift would reduce the Federal Reserve’s grip and unlock over $10 trillion in liquidity for stablecoins, DeFi, and crypto. He has also stayed optimistic on Bitcoin, maintaining his earlier call that BTC could hit $250,000 by year-end. Recently, Hayes also highlighted Ethena’s ENA token as a major buying opportunity.

JUST IN: BitMEX Co-founder Arthur Hayes predicts that if $BTC hits $110,000 instead of $76,500 next, it will soar straight to $250,000. pic.twitter.com/xb1QgupaqQ

— Whale Insider (@WhaleInsider) March 24, 2025