Arthur Hayes caught attention again after accurately making a prediction that many considered bold: he claimed that Bitcoin could drop to the range of US$ 80 million, before resuming the upward movement.

Shortly after, the market actually retreated exactly to that region, validating his macroeconomic analysis.

According to Hayes, the temporary weakening was a consequence of the contraction of dollar liquidity and the reduction in institutional flows to ETFs and digital asset trusts.

Despite the correction, he maintained his long-term optimistic view and believes that Bitcoin could still double or even triple in value if the U.S. resumes more expansionary monetary policies.

The trajectory of Arthur Hayes

Arthur Hayes is an American trader and former CEO of BitMEX, one of the largest and most influential cryptocurrency derivatives exchanges in the world. Educated in Economics at the Wharton School, he began his career in Hong Kong, working as a derivatives trader at Deutsche Bank and later at Citigroup.

This experience in the traditional financial market was crucial for him to identify opportunities in the nascent universe of cryptocurrencies.

In 2014, Hayes co-founded BitMEX, which quickly revolutionized the sector by popularizing high-leverage perpetual contracts, forever changing the way traders operate in the crypto market. His success turned him into a billionaire and highly influential figure.