Arthur Hayes, co-founder of the BitMEX exchange and investment director of the Maelstrom fund, shared his vision for the future of Bitcoin and the cryptocurrency market in his latest interview. He emphasized that he does not support the widely held theory among investors regarding the four-year cycle of the first cryptocurrency.
This is reported by Business • Media
Macro Liquidity as a Key Driver for Bitcoin
According to Hayes, the primary factor driving the growth of digital assets remains macro liquidity, which is determined by monetary policy and actions of leading financial institutions. The expert believes that Bitcoin has the potential to surpass the $200,000 mark by the end of the 2020s, with macro liquidity being the main driving force behind this movement.
He pointed out the market’s expectations regarding the active money printing by the U.S. Federal Reserve, the country’s Treasury Department, and central banks of other nations. In this context, cryptocurrencies could outpace traditional assets like the S&P 500 in terms of dynamics.
“In this context, cryptocurrencies, especially Bitcoin, show better dynamics than the S&P 500 and other traditional assets.”
Arthur Hayes’ Predictions and Changes in Estimates
Arthur Hayes has repeatedly made bold predictions about the future of Bitcoin. In April, he forecasted that the value of the first cryptocurrency could reach $1 million by 2028 due to the policies of U.S. President Donald Trump, tariffs, and increased dollar issuance. In May, the expert expressed the opinion that by 2025, Bitcoin could reach $250,000, and a true altseason would begin at a price of $200,000. At that time, he also announced an investment of 20% of his portfolio in gold, predicting its rise to $10,000–$20,000.
Meanwhile, in August, Hayes warned of a potential decline in Bitcoin to $100,000 due to macroeconomic risks and sold part of his assets worth over $13 million. Despite the changes in estimates and predictions, Arthur Hayes remains one of the most influential figures in the cryptocurrency community, shaping the discussion about the future of digital assets.
“Governments have a strong need to print money. Yes, risks will arise at the end of the cycle, but that moment has not yet come,” he noted.