BitMEX Founder Arthur Hayes Reveals Worst-Case Scenario for Bitcoin! Predicts Bottom Level! Here Are the Details
BitMEX founder and former CEO Arthur Hayes has reaffirmed his bullish outlook on Bitcoin despite the recent market downturn, stating that the cryptocurrency remains in a bull cycle and that in a worst-case scenario, BTC will bottom at $70,000, the all-time high of the previous cycle.
Arthur Hayes Remains Bullish on Bitcoin, Sees $70,000 as Worst-Case Bottom
“I still believe we are in a bull cycle and therefore, at worst, the bottom would be at $70,000, the all-time high from the previous cycle,” Hayes wrote on X.
Hayes highlighted the decline in the US Treasury General Account (TGA) as a positive sign of liquidity, explaining that the contraction in TGA injects liquidity into the financial system, which can support risk assets like Bitcoin.
Despite his optimism, Hayes signaled a cautious approach, saying his team would “chase dips” without using leverage, a sign that volatility remains a concern even amid long-term bullish expectations.
The team’s comments came as Bitcoin traded around $82,000 following a 10% drop triggered by macroeconomic concerns and Trump’s new tariffs.
Many analysts agree that strong liquidity indicators could help Bitcoin recover, with upcoming events like Trump’s crypto summit potentially shaping the next market move.
*This is not investment advice.
