BitMEX co-founder Arthur Hayes believes macroeconomic tensions are aligning for a major crypto breakout—and he’s positioning accordingly.
In a recent X post and follow-up on-chain activity, Hayes signaled a return to the spotlight just as the U.S. prepares for new tariff legislation.
According to Hayes, the upcoming U.S. tariff bill—expected in Q3—combined with softer-than-expected labor market data, is intensifying economic strain. He warned that no major economy is currently expanding credit at a pace sufficient to sustain nominal GDP growth. Against this backdrop, Hayes said he expects Bitcoin to test $100,000 and Ethereum to reclaim $3,000, suggesting a bullish setup for top-tier crypto assets.
However, Hayes’ on-chain moves tell a more nuanced story. As first reported by Lookonchain, the BitMEX co-founder transferred large quantities of tokens to Binance and decentralized exchanges over a 6-hour window. In total, he moved 2,373 ETH ($8.3M), 7.76M ENA ($4.6M), and 38.86B PEPE ($414.7K), triggering speculation about portfolio rebalancing ahead of macro shifts.
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Hayes teased a deeper explanation at his upcoming WebX Asia keynote on August 25, suggesting these trades may be strategic ahead of expected monetary developments. Whether accumulation or hedging, his timing has again sparked wide discussion among crypto analysts.
According to Arthur Hayes, macro tightening and geopolitical headlines could soon reignite crypto momentum—making his latest forecasts one to watch closely.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
