Summary
- Arthur Hayes said that amid the Middle East armed conflict, crypto DEXs would act as a barometer for international crude oil prices.
- He emphasized that Hyperliquid (HYPE) is always open even over the weekend, underscoring the structural limitations of traditional exchanges.
- Hayes added that oil price discovery would take place in the CL-USDC market and that the HYPE token price would rise to $150, arguing that global oil speculation and hedging demand would flow into Hyperliquid.
Forecast Trend Report by Period
Arthur Hayes, co-founder of BitMEX, forecast that amid the armed conflict in the Middle East over the weekend, decentralized crypto exchanges (DEXs) would serve as a barometer for international crude oil prices in place of traditional financial markets.
On the 6th (local time), Hayes wrote on X, “While the computers at traditional exchanges are on the golf course acting as caddies for humans over the weekend, Hyperliquid (HYPE) is always open,” he said. He was pointing to the structural limitations of conventional stock and commodities exchanges that shut down completely on weekends and holidays.
He added, “With bombs continuing to fall across the Middle East, the place where crude oil price discovery will happen this weekend is the ‘CL-USDC’ market, Hyperliquid’s perpetual crude oil derivatives,” and said “the price of Hyperliquid’s native token ‘HYPE’ will rise to $150.”
With the geopolitical crisis in the Middle East intensifying and extreme volatility in global oil prices expected, he argued that worldwide demand for oil speculation and hedging (risk aversion) would concentrate on Hyperliquid, which operates 24 hours a day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
