Latest news with #MaelstromFund
Crypto Insight
03-08-2025
- Business
- Crypto Insight
Bearish Arthur Hayes says Bitcoin could retrace to $100K on macro headwinds
Maelstrom Fund chief investment officer Arthur Hayes has warned that mounting macroeconomic pressures could drag Bitcoin back down to the $100,000 level — and he's already taken crypto profits in anticipation. Hayes linked the recent crypto pullback to renewed tariff fears sparked by the disappointing Non-Farm Payrolls report, which showed just 73,000 new jobs added in the US in July — a sign of economic fragility. Hayes also pointed to sluggish credit growth in major economies stunting nominal gross domestic product growth in warning that Bitcoin and Ether could fall further toward the $100,000 and $3,000 levels. Hayes sold over $13M of ETH, ENA and PEPE His comments on Saturday came in response to an X post from blockchain analytics platform Lookonchain, which highlighted that Hayes recently offloaded $8.32 million worth of ETH, $4.62 million of Ethena and $414,700 of the Pepe memecoin. The Hayes' wallet that carried out the recent selloffs now holds $28.3 million worth of tokens, with $22.95 million parked in the USDC stablecoin, according to Arkham Intelligence data. Bitcoin on the verge of a double digit correction Hayes' comments echo wider fears that macro headwinds could stall crypto's momentum. Tight credit, renewed tariffs and a softening job market may pressure risk-on assets, testing investor conviction and potentially triggering a correction. Bitcoin has fallen over 7.7% from the $123,000 all-time high it set on July 14, while Ether is down 12.5% since eclipsing the $3,900 barrier on July 28, CoinGecko data shows. A Bitcoin price drop to $100,000 would mark an 18.7% correction. Bitcoiners say it's different this time However, many industry analysts think Bitcoin is past the days of major double-digit pullbacks. Among them is Bloomberg ETF analyst Eric Balchunas, who noted that since BlackRock's spot Bitcoin ETF filing in June 2023, Bitcoin has experienced 'much less volatility and no vomit-inducing drawdowns.' Mitchell Askew, head analyst of Bitcoin mining firm Blockware Solutions added: 'The days of parabolic bull markets and devastating bear markets are over.' Source:
Business Mayor
10-05-2025
- Business
- Business Mayor
Arthur Hayes Says Crypto Bull Market Primed To Continue, Outlines Bitcoin Path to Seven-Figure Price
BitMEX co-founder Arthur Hayes is leaning bullish on Bitcoin (BTC) as surging liquidity conditions boost the value of the flagship crypto asset. In a new interview on the White Crypto YouTube channel, Hayes says an increase in the global money supply will act as a bullish catalyst for BTC and crypto. 'I think it's a great time to be in the crypto ecosystem because we have sort of this reflation happening across the world. More fiat money chasing a scarce asset and the bull market's going to continue. And I think it's going to be a fun party.' According to Hayes, Bitcoin could go up by about 10x from the current level by January of 2029. 'I think by the end of Trump's presidency, so end of 2028, Bitcoin will be around $1 million. Or we'll have crossed $1 million. It might be lower than that at that point but I think we'll get to that nominal figure within the next three to four years.' Bitcoin is trading at $103,045 at time of writing. On the US dollar's prospects in the face of increasing money supply, the Maelstrom Fund CIO says, 'I think the dollar depreciates against gold, the dollar depreciates against Bitcoin. US Treasuries are probably the worst thing to own versus any other sort of financial asset out there, as they need to devalue because there's too much out there.' Follow us on X, Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix
