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. Read Next: Arthur Hayes Blasts Strategic Bitcoin Reserve, Regulatory Bill As ‘Net Negatives’ Image: Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.