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BitMEX founder ARTHUR HAYES has declared that Bitcoin (BTC) has reached its bottom and is poised for significant rallies in the near future, driven by several macroeconomic catalysts.
In a recent essay published on his Substack, HAYES analyzed the current economic landscape, suggesting that former President DONALD TRUMP has effectively retreated from his tariff war stance after initially pushing it too far. Hayes believes this pivot indicates that the worst of market uncertainty has passed, and Bitcoin’s bottom was likely established in early April below the $75,000 mark.
As the Chief Investment Officer of Maelstrom, HAYES predicts that Bitcoin will experience a strong upward trend as the Federal Reserve prepares to inject liquidity to stabilize bond markets. He stated, “Yes… I’m calling the local bottom at $74,500. Regardless of whether you characterize Trump’s change in policy as a retreat or a savvy negotiating tactic, the result is that the administration deliberately caused a financial market avalanche, and it was so severe that they adjusted their policies a week later. Now, as the market, we know a few things. We understand what happens to bond market volatility in the worst-case scenario, we recognize the levels of volatility that trigger a change in behavior, and we are aware of the monetary levers that will be pulled to mitigate the situation.”
He further explained that Bitcoin’s rally will be fueled by anticipation of monetary interventions, stating, “Using this information, we as Bitcoin hodlers and crypto degen investors know that the bottom is in because the next time Trump ramps up the tariff rhetoric or refuses to reduce tariffs on China, Bitcoin will rally in anticipation of the monetary mandarins running the money printing press at max Brrrrr levels to ensure bond market volatility remains muted.”
HAYES also projected that Bitcoin could peak just below the $200,000 level, after which a rotation into other cryptocurrencies, or “shitcoins,” could occur. He noted, “Once Bitcoin breaches $110,000, the previous all-time high, it will likely surge, further increasing dominance. Maybe it just misses $200,000. Then the rotation begins from Bitcoin into shitcoins.”
At the time of writing, Bitcoin is trading at $93,667, reflecting a 10.7% increase over the past week.
Featured Image: Shutterstock/Alberto Andrei Rosu/Andy Chipus
Source: ARTHUR HAYES’ Substack
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