Editor's PiCK
Arthur Hayes: "US Tariff Impact…Potential for Bitcoin to Test $100,000, Ethereum to Test $3,000"
Minseung Kang
Summary
- Arthur Hayes, co-founder of BitMEX, predicted that the US tariff burden in the third quarter could lead to Bitcoin and Ethereum testing their support levels.
- Hayes noted that after the US tariff bill is due and the release of the Nonfarm Payrolls (NFP) data, the market is recognizing this reality.
- He projected that in this environment, Bitcoin could test $100,000 and Ethereum could test $3,000.
Arthur Hayes, co-founder of BitMEX, forecasted that, due to the burden of US tariffs in the third quarter, Bitcoin (BTC) and Ethereum (ETH) could test their support levels.
On the 2nd, Hayes stated on his X (formerly Twitter), "The US tariff bill is expected to arrive in the third quarter, and after the recent release of the Nonfarm Payrolls (NFP) indicator, the market is coming to terms with this reality."
He further commented, "No major economic bloc is currently creating credit at a sufficient pace to boost nominal GDP," adding, "Ultimately, in such an environment, Bitcoin will test $100,000 and Ethereum will test $3,000."
He continued, "More details will be shared during my keynote at WebX Asia in Tokyo on August 25."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
