Arthur Hayes, co-founder of BitMEX, expressed concerns over macroeconomic factors impacting cryptocurrency markets. In his forecasts, he mentioned the U.S. tariff bill and potential price declines for Bitcoin and Ethereum.
Economic Risks from U.S. Tariff Bill
In a recent post on X, Arthur Hayes warned of potential macroeconomic instability. He believes that the expiration of the U.S. tariff bill will add further pressure to an already sluggish market.
> "Y? US Tariff bill coming due in 3q … at least the market believes that after NFP print. No major economy is creating enough credit fast enough to boost nominal GDP. So $BTC tests $100K, $ETH tests $3K." (CITE_W_A)
Hayes also pointed out that no major economy is currently creating credit fast enough to support nominal GDP growth, which influences broader economic conditions.
Arthur Hayes Sells Crypto Assets
Hayes sold about 2,373 ETH worth $8.32 million, 7.76 million ENA valued at $4.62 million, and 38.86 billion PEPE tokens totaling around $414,700. His transactions spanned multiple platforms— Uniswap, Flowdesk, and Binance. The co-founder also made large USDC inflows from multiple addresses before moving tokens to centralized exchanges.
Despite the sellings, Hayes’ strategy may still match his long-term view of crypto growth. It can be seen as a tactical move, as just a few weeks back, he bought about $1.5 million in ENA tokens when prices were low.
Hayes' Future Plans at WebX Asia Event
Hayes plans to expand his views on derivatives trading and on macroeconomic headwinds at the WebX Asia event in Tokyo on August 25, 2025. He also plans to explore how trade policy might influence crypto markets in the near term. This event could be relevant for investors seeking advice on crypto strategies, as the recent tariff bills and unchanged rates have sparked uncertainty in the industry.
Arthur Hayes' statements reflect the ongoing uncertainty in the cryptocurrency space, emphasizing that economic factors such as the expiration of the U.S. tariff bill can significantly impact Bitcoin and Ethereum prices. Hayes' participation in the WebX Asia event could enhance the understanding of current market conditions and future trends.
