A Bitcoin Pullback To $75,000 Is Coming, Arthur Hayes Warns

Bitmex co-founder Arthur Hayes shared his insights on the current market cycle and his bold predictions for Bitcoin's BTC/USD future, suggesting a potential dip before a significant rally.

What Happened: In a podcast with Scott Melker on Feb. 1, Hayes forecasted a short-term pullback to $75,000 before a massive rally to $250,000 by the end of this cycle.

He attributes this potential dip to a liquidity crunch, stating, “Bitcoin has traded ahead of the fundamentals in terms of global liquidity.”

Hayes points to several factors contributing to this situation, including an antagonistic Federal Reserve, a challenging Treasury maturity profile and the looming debt ceiling issue in the United States.

The crypto expert believes that the Trump administration’s economic policies could be a catalyst for future growth.

Hayes explains, “Trump has a choice… he can either have a crisis happen today or… in the near future.”

He suggests that a short-term economic downturn could be politically advantageous for Trump, allowing him to blame it on the previous administration.

Meanwhile, he predicts a crypto market shift toward meme coins and political tokens, noting, "Meme coins are a thing… it's super easy for people to trade."

This trend, he argues, could make it harder for utility-driven projects to secure capital, as retail investors increasingly gravitate toward speculative, community-driven tokens.

On Ethereum ETH/USD, Hayes remains cautiously optimistic, citing its robust developer community and strong market position: "It's still what, three or four times the market cap of Solana SOL/USD, so still the number two, has name recognition."

However, he acknowledges that Ethereum's dominance is being challenged, particularly as Solana and other Layer-1 networks gain traction.

Also Read: Pro-Crypto Trump Administration To Clear Path For Banks To Offer Crypto Services

What's Next:  Looking ahead, Hayes believes massive global money printing will push Bitcoin toward unprecedented highs. He predicts, "That's why I think we get to a million-dollar Bitcoin… $250,000 is just a stop along the way."

Ultimately, he advises investors to hold Bitcoin as a hedge against economic uncertainty, regardless of their financial position.

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