Cointime

Download App
iOS & Android

Bitcoin permabull Arthur Hayes says he wouldn't bet $1 on BTC right now

BitMEX co-founder Arthur Hayes, who has projected Bitcoin to hit $250,000 this year, says he’d rather wait-and-see than invest in Bitcoin at the moment, holding off until the US Federal Reserve loosens its monetary policy.

“If I had $1 to invest right now, would I be putting it into Bitcoin? No. I would wait,” Hayes said on the Coin Stories podcast published to YouTube on Tuesday.

“The longer this conflict goes on, the higher the likelihood that the Fed has to print money to support the American war machine,” he said. Hayes said he will start buying when the Fed begins easing monetary policy:

“That's when I'm going to buy Bitcoin when the central banks start printing money.”

Hayes said that while some argue “war is good for Bitcoin,” the more accurate view is that “money printing is good for Bitcoin.”

Hayes added he was unsure whether Bitcoin had reached its price bottom. Bitcoin is trading at $69,926 at the time of publication, down 45% from its October all-time high of $126,000, but Hayes warned that ongoing geopolitical tensions could push the price lower.

  Arthur Hayes spoke to Natalie Brunell on the Coin Stories podcast. Source: Natalie Brunell


“[With] the unfortunate war between US and Iran, I think that there is a situation where the longer that this carries on, there could be a massive sell-off in equities and Bitcoin,” he said.

Hayes predicted $250,000 Bitcoin for 2026

Hayes explained that this may lead Bitcoin to fall below $60,000 and that “could be sort of a big cascading of liquidations down.” Bitcoin briefly touched the $60,000 level on Feb. 6 before edging into a mild uptrend.

Hayes usually shares strong convictions about Bitcoin and had held onto his $250,000 year-end prediction as late as October last year.

Other analysts are more confident about what will happen in the short term. Michaël van de Poppe recently pointed out the benefits for Bitcoin on the back of a “strong surge” in the Nasdaq.

“There are not many arguments left for uncertainty, and in that principle, I do think we'll see way more upside into Bitcoin & Altcoins during the coming period,” van de Poppe said.

Meanwhile, Hayes said he doesn’t anticipate there being many more years when Bitcoin will be “sub 100,000.”

Comments

All Comments

Recommended for you

  • Whale Transfers 1,133 BTC to Coinbase Prime, Valued at $71.48 Million

    According to Onchain Lens monitoring, a whale transferred 1,133 BTC from Coinbase to Coinbase Prime through an intermediary wallet, valued at $71.48 million.

  • U.S. AI Chip Stocks Decline Before Market Open, Intel Falls Over 3%

    On July 7, U.S. AI chip stocks experienced widespread declines before the market opened. Intel dropped over 3%, while AMD, Qualcomm, and NXP fell more than 2%. TSMC, Broadcom, and Tesla decreased by over 1%, and NVIDIA declined by 0.7%.

  • China's Central Bank Increases Gold Reserves for the 20th Consecutive Month

    As of the end of June, China's gold reserves stood at 75.44 million ounces (approximately 2,346.446 tons), an increase of 480,000 ounces (about 14.93 tons) from the end of May, which reported 74.96 million ounces (approximately 2,331.52 tons). This marks the 20th consecutive month of gold accumulation.

  • China's Foreign Exchange Reserves in June at $341.6262 Billion

    On July 7, China's foreign exchange reserves for June stood at $341.6262 billion, a decrease of $26 billion from the end of May, representing a decline of 0.75%, with expectations set at $343.2 billion.

  • U.S. Storage Stocks Drop Pre-Market, SanDisk and Micron Down Over 4%

    On July 7, U.S. storage concept stocks collectively fell in pre-market trading. Western Digital dropped over 5%, SanDisk and Micron Technology fell over 4%, Seagate Technology declined over 3%, Rambus fell over 2%, and SMI fell over 1%.

  • U.S. Stocks in Optical Communication Sector Drop Pre-Market

    On July 7, stocks in the optical communication sector of the U.S. market collectively fell pre-market. Astera Labs dropped over 4%, while Marvell Technology, Credo Technology, and AXT Inc. fell more than 3%. Tower Semiconductor, MaxLinear, Corning, Applied Optoelectronics, GlobalFoundries, Lumentum, and Qorvo all declined by more than 2%. Coherent, Nokia, Amphenol, and Broadcom dropped over 1%.

  • Pre-market Decline in U.S. Storage Stocks

    In pre-market trading, U.S. storage concept stocks experienced a widespread decline, with Micron Technology falling by 4.8%, SanDisk dropping over 4%, Corning down more than 2%, and Intel decreasing by over 3%.

  • Two Departments: Support for Reinsurance Institutions to Increase Capital and Issue Supplementary Capital Tools

    On July 7, the National Financial Supervision and Administration Bureau and the Shanghai Municipal Government released several measures to accelerate the construction of the Shanghai International Reinsurance Center. Among these measures, they proposed to enhance the quality and efficiency of the reinsurance industry, support reinsurance institutions in increasing capital and expanding shares, and issuing supplementary capital tools to improve the capacity for internal capital accumulation and external capital supplementation, thereby strengthening the reinsurance industry's capabilities. The initiative aims to guide the insurance industry to focus on major national projects, strategic emerging industries, and livelihood security, consolidating insurance and reinsurance underwriting capabilities to enhance risk protection levels. It also supports reinsurance institutions in leveraging their professional technical advantages to assist the insurance industry in reducing risk.

  • Sources: Saudi Arabia Plans to Expand Oil Pipeline to Red Sea, Increasing Capacity by 2 Million Barrels Daily to Bypass Strait of Hormuz

    On July 7, five informed sources revealed that Saudi Arabia is considering expanding the crude oil pipeline capacity to its western coast on the Red Sea, allowing Saudi Arabia and its neighbors to transport more oil without passing through the Strait of Hormuz. This east-west pipeline, built in the early 1980s, has gained strategic importance since the outbreak of the Iran war in February and the disruption of shipping in the Strait of Hormuz. The pipeline can deliver up to 7 million barrels of crude oil per day to the Red Sea port. The CEO of Saudi Aramco stated in May that approximately 2 million barrels are supplied to west coast refineries, while about 5 million barrels are for export. Sources indicate that Saudi Arabia is in preliminary discussions with some neighboring countries regarding the pipeline expansion, aiming to add about 2 million barrels of pipeline capacity per day. It remains unclear whether Aramco's planned expansion involves upgrading existing infrastructure or constructing new pipelines. One source mentioned that the expansion plan also includes a smaller refined oil pipeline. Two sources indicated that the expansion scale could range from 1 million to 2 million barrels per day, with refined oil also being considered. Another source stated that the project would take several years and cost billions of dollars, requiring adjustments to Saudi crude pricing mechanisms.

  • Citi: Tencent's WorkBuddy Gains Momentum, Maintains 'Buy' Rating

    On July 7, Citi released a research report stating that, according to the latest industry data, Tencent's AI agent product WorkBuddy has reached 20 million monthly active users (MAU) and over 13 million daily active users (DAU), with a DAU/MAU ratio between 65% and 75%. Considering the product has only been launched for a few months, user stickiness and daily engagement are performing strongly. Citi quoted Tencent's management as saying that in terms of daily active users, Tencent is leading its Chinese peers in the deployment of AI agents. Early user data reflects strong natural growth for both CodeBuddy and WorkBuddy, with high retention rates. Early users are interacting with the AI agents for long durations and with high frequency, creating a positive feedback loop. It is expected that AI products will become a key revenue source for Tencent Cloud. The firm believes that WorkBuddy's success demonstrates the strength of Tencent's ecosystem, the synergy between various productivity tools, and users' trust in Tencent's products and security. Citi maintains a 'Buy' rating on Tencent with a target price of HKD 763 unchanged.