The Wealth and Social Pressure of Bitcoin Whales: A Comedy of Embracing Unique Assets
Publication Time:2024-08-07 09:52:09
Co-founder of BitMEX, Arthur Hayes, delved into his distinctive circumstances as a Bitcoin whale on social media platforms. In public discussions, he acknowledged not only holding significant quantities of Bitcoin but also other types of cryptocurrencies such as Ordinals, BRC20, and Runes. This revelation sparked considerable attention and debate within the cryptocurrency community, especially when these holdings exceeded common understanding, often leading to ridicule and criticism from society. He expressed that while his wealth should bring him joy, it instead makes him feel disrespected by society, a contradiction that is part of his daily life. To mock this phenomenon, Hayes likened his possession of Bitcoin wealth to the acceptance of one's physical appearance. Drawing inspiration from popular singer Lizzo’s advocacy for embracing diverse body shapes, he emphasized that, just like unique body forms, unique wealth compositions need to be celebrated and accepted. In this metaphor, the combination of various types of cryptocurrency assets was compared to having a distinct physique, requiring positive acceptance. Additionally, Hayes humorously expressed his confusion over some cryptocurrency holders’ choice to sell their assets for fiat currency. He likened this behavior to taking weight-loss pills to deny one’s true self, a betrayal of personal wealth and identity. In his view, true value comes from confidence and pride in one’s assets rather than external judgment or short-term market fluctuations. Through these statements, Hayes not only illuminated the complex psychological challenges individuals face in the cryptocurrency world but also encouraged more people to courageously embrace the diversity of their wealth, regardless of societal evaluation.
BRC20
Ordinals
Arthur Hayes
Runes
Bitcoin whales
Societal derision
Cryptocurrency fortune
Fortune acceptance
Self-identity