BitMEX co-founder Arthur Hayes warns Bitcoin investors to shift from short-term thinking and flashy expectations. He argues Bitcoin outperforms traditional assets when adjusted for inflation and currency debasement. Despite his long-term view, many young investors see crypto as a fast track to wealth. Bitcoin trades at $116,007, below its $124,100 high. Hayes dismisses comparisons to stocks and gold, noting Bitcoin’s superiority in currency debasement. Galaxy Digital CEO Mike Novogratz pushes back on predictions of a $1 million Bitcoin, warning of a US economic crisis. Eric Trump reiterates his $1 million Bitcoin prediction, citing rising demand from governments and institutions.

Read more at Yahoo Finance: Chasing Quick Gains in Bitcoin Is a Losing Strategy