BitMine chair Tom Lee said that Ether going to $12,000 wouldn’t be a “blow off top,” it will just be price discovery at a new level. BitMine chair Tom Lee and BitMEX co-founder Arthur Hayes are holding strong on their prediction that Ether will hit $10,000 this year, despite a recent crypto crash, and there being less than three months left on the clock. “For Ethereum, somewhere between [$10,000] and $12,000,” Lee said on the Bankless podcast on Tuesday, when asked where he sees the cryptocurrency’s price going by the end of this year. Hayes, who also appeared on the same podcast episode, said he is “going to stay consistent” with his $10,000 prediction by the end of the year. Read more
Liquidity is set to flow into private financial markets once the United States Treasury fills its General Account with $850 billion. Crypto markets will enter “up only” mode once the United States Treasury hits its target goal of filling the General Account (TGA), the Treasury Department’s bank account, with $850 billion, according to Arthur Hayes, co-founder of the BitMEX crypto exchange. “With this liquidity drain complete, up only can resume,” Hayes wrote on Friday as the US TGA’s opening balance crossed $807 billion. When the Treasury is filling its General Account, the funds are generally sequestered and do not flow into private markets. However, not all analysts were convinced by Hayes’ prediction that liquidity will flow to financial markets once the US Treasury hits its goal. Read more
Arthur Hayes says that Bitcoiners buying Bitcoin one day and expecting a Lamborghini the next is “not the right way to think about things.” BitMEX co-founder Arthur Hayes says Bitcoin holders need to be more patient and stop worrying about stocks and gold hitting record highs, because asking why Bitcoin isn’t higher misses the point. “If you thought you were buying Bitcoin and the next day you were buying a Lamborghini, you’re probably getting liquidated because it is not the right way to think about things,” Hayes told Kyle Chasse in an interview published to YouTube on Friday. “I’m sorry that you bought Bitcoin six months ago, but anyone who bought it two, three, five, or 10 years ago, they’re laughing,” Hayes said, echoing the frustrations of recent Bitcoin (BTC) buyers who are asking why Bitcoin’s price isn’t trading at $150,000 yet. Read more
A week after selling $8.3 million in ETH, Arthur Hayes bought back at a higher price, telling Crypto Twitter he’ll “never take profit again.” BitMEX co-founder and Bitcoin billionaire Arthur Hayes has bought back into Ethereum just a week after selling a large tranche. Onchain data shows that Hayes offloaded 2,373 Ether (ETH), worth roughly $8.32 million at the time, when the token was trading near $3,507. The sale, which occurred about a week ago, locked in profits before Ether’s latest rally. In a reversal, the crypto analyst moved out $10.5 million in USDC (USDC) across multiple transactions on Saturday, with the stablecoins directed toward purchasing ETH at prices above $4,150, significantly higher than his earlier exit point. Read more
BitMEX co-founder and Bitcoin billionaire Arthur Hayes loves making daring Bitcoin predictions, but doesn’t sweat when he gets them wrong. BitMEX co-founder and Bitcoin billionaire Arthur Hayes is known for making big, bold and sometimes controversial Bitcoin price predictions, and says it doesnt faze him when he gets it wrong. Nothing really happens, Hayes tells Magazine, who asked if he worries about backlash when his Bitcoin predictions fall flat. The youngest African-American crypto billionaire in history is the first to admit that most of his price calls dont land. I get it wrong, and Ive gotten most of them wrong, he laughs. Read more
The Bank of Japan’s June meeting could trigger a Bitcoin rally if it restarts quantitative easing, as bond yield concerns push institutions toward BTC as a hedge. The Bank of Japan’s (BOJ) upcoming monetary policy meeting in June may provide the next significant catalyst for global risk assets like stocks and cryptocurrencies. The BoJ is set to take its next interest rate decision at its upcoming monetary policy meeting on June 16–17. The central bank may provide the next significant catalyst for Bitcoin (BTC) and other risk assets if it pivots to quantitative easing (QE), according to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom. Read more
Arthur Hayes predicts Bitcoin could reach $1 million by 2028, an analyst says altcoins “powerful rally” looms: Hodler’s Digest Bitcoin has two strong tailwinds that will help propel it to seven digits in a few years, according to former BitMEX CEO Arthur Hayes. For Hayes, shifting capital controls worldwide and US Treasury devaluation means that Bitcoin will become the go-to safety net for investors everywhere. He summarized: Read more
Arthur Hayes doubts the US government would print money to buy Bitcoin while the “popular narrative” paints Bitcoin bros partying in nightclubs. BitMEX co-founder Arthur Hayes says the United States is unlikely to add more Bitcoin to its reserves beyond what it has already seized due to the country’s high debt levels and the stereotype behind “Bitcoin bros.” “I’m not really into the whole Strategic Reserve situation,” Hayes said in a May 1 interview. “The United States is a deficit country; the only way they can do a Strategic Reserve is not sell the Bitcoin they took from people, fine, that’s 200,000 Bitcoin,” he said. Read more