Arthur Hayes Says Buy Bitcoin on Pullbacks, Sees Long-Term Uptrend Intact
Summary
- Arthur Hayes said a drop in BTC toward $80,000 could offer a buying opportunity.
- He argued that if the Fed begins quantitative easing (QE), BTC could rise to $250,000 over the long term.
- He said broader macro trends, including U.S. monetary policy, interest-rate policy, and the availability of liquidity, are key variables for BTC.
Forecast Trend Report by Period
BitMEX co-founder Arthur Hayes has urged investors to buy Bitcoin on pullbacks, arguing that the recent decline is a temporary correction.
Crypto Briefing reported on May 13 that Hayes sees a drop toward $80,000 as a potential buying opportunity.
He characterized the recent market retreat as a macro-driven "shakeout" and said Bitcoin's long-term uptrend remains intact.
Hayes also said U.S. Consumer Price Index and Producer Price Index shocks are pressuring Bitcoin prices.
At the same time, he said a sharp jump in Treasury yields could become a burden for the Trump administration and ultimately force it to speed up a trade deal with China.
He also left open the possibility of a short-term correction to as low as $70,000.
Even so, Hayes argued that Bitcoin could rise to $250,000 over the long term if the Federal Reserve begins quantitative easing.
Markets are closely watching how U.S. monetary policy and broader macroeconomic trends will affect Bitcoin prices. Interest-rate policy and the availability of liquidity are seen as key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.