Crypto veteran Arthur Hayes says most will miss out on Bitcoin (BTC) opportunity – here’s why
BitMEX founder Arthur Hayes says most people won’t realize they need Bitcoin (BTC) until it’s too late.
In an interview with Crypto Banter, Hayes says that in theory, BTC should be adopted by the masses as a means of protecting one’s wealth from various threats.
In reality, however, he says only a small percentage of the population will actually do so.
“In practice, most people try to get out too late. It’s a bit like the gates are already closed, and then you realize you need Bitcoin. It’s like the Russian oligarchs who thought they were rich and then their whole country was sanctioned and then all the nice things they had were no longer theirs. The time to buy Bitcoin was last month, not today.
So most people don’t get out of it. They will be economically oppressed. They will be stuck in their systems and there will be a small minority who understand this idea and a small amount of money out of a large pot I think will flow into some of these assets like gold and Bitcoin and other things that can is moved around which is not someone else’s responsibility.”
Hayes says that even if Bitcoin is not witnessing massive global adoption, its value could still rise significantly. However, he says he worries that most people won’t be able to see BTC’s true value until the opportunity has passed.
“Does that mean Bitcoin can go up a lot? Yes. In a long-term sort of risk-on/risk-off scenario in terms of whether you have access to your money or not.
What I worry about is that if people don’t catch this narrative early enough, it’s just too late, because you wait until the obvious signs of “Oh, now I get it.” When you’re sitting there thinking, “I want to move my money and I can’t because it’s in the banking system.” There is a new rule. [I] can’t move it. Oh, it’s Bitcoin. It makes sense now. Oh, that’s why they were all talking about this.
Sorry, it’s too late. That’s what I worry about.”
At the time of writing, Bitcoin is valued at $19,332, flat on the day.
I
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/WhiteBarbie/Mia Stendal
