Arthur Hayes, co-founder of BitMEX, predicts significant price drops for Bitcoin and Ethereum linked to global economic trends and US tariffs.
Bitcoin and Ethereum Price Predictions
In a recent post on X, Hayes connected the upcoming US tariff bill in the third quarter to potential economic stagnation. He pointed to disappointing figures from the Non-Farm Payrolls (NFP) report, which showed only 73,000 jobs added in July 2025. Hayes predicts Bitcoin testing the $100,000 mark and Ethereum dropping to $3,000, reflecting market fears of a credit crunch.
Strategic Shifts in Hayes' Actions
Hayes also sold substantial amounts of assets, including 2,373 ETH ($8.32M) and 7.76 million ENA ($4.62M), indicating a possible portfolio adjustment ahead of the anticipated economic changes. He believes that insufficient credit creation in major economies will pressure asset prices, including cryptocurrencies.
Community Reaction and Upcoming Conference
The crypto community has had mixed reactions to Hayes' predictions, with some accusing him of flip-flopping after his earlier optimistic forecast, while others view this as a calculated move based on his derivatives trading expertise. Hayes plans to elaborate on these insights during his keynote at WebX Asia in Tokyo on August 25, 2025, discussing how global trade policies could impact the crypto markets.
Arthur Hayes' forecasts draw attention from both investors and analysts who are closely monitoring the developments and potential impacts of the tariff legislation on the cryptocurrency market.
