BitMEX co-founder Arthur Hayes has shared his market outlook in a recent interview with Cointelegraph. He predicts Bitcoin could hit $1 million by 2030, driven by a bursting AI bubble, massive money printing, and potential US yield curve control. Hayes also sees $58,000 as the likely bottom in this cycle. However, he prefers Ethereum as his top pick, citing better risk-reward and potential for 3-5x gains, as Ethereum is the foundation of DeFi and the only large-cap crypto that hasn't yet broken its 2021 high. He is cautious on Hyperliquid, saying its expectations are already priced in. Hayes also stated that Donald Trump has little influence on crypto prices, and the Federal Reserve is the real driver. On BitMEX's closure, Hayes expressed relief, calling it a voluntary shutdown due to a lack of scale advantages. He noted that the exchange will close on September 23, and he feels good about closing it on his own terms rather than being hacked. Hayes' comments cover multiple aspects of the crypto market, from Bitcoin's long-term outlook to Ethereum's undervaluation and the limited impact of political figures.
Cointelegraph reported that BitMEX co-founder Arthur Hayes laid out his market view and said Bitcoin could hit $1 million by 2030. His case rests on three triggers: the AI bubble popping, heavy money printing, and the possible use of yield curve control in the US. He also said $58,000 is probably the bottom of the current cycle, with Bitcoin set to grind upward.
Even with that very bullish Bitcoin call, Hayes said Ethereum is his top pick right now. In his view, Ethereum has the better risk-reward setup and could move fast to deliver 3-5x gains. Why? Because Ethereum is the base layer for DeFi and the only large-cap crypto asset that still has not broken its 2021 all-time high.
On Hyperliquid, though, Hayes sounded cautious. Short version: he thinks the market has already priced in the project's expectations, and that money would be better put to work in other altcoins.
Hayes also brushed off Donald Trump's effect on crypto prices. His take was blunt: the Federal Reserve and other monetary authorities are the real forces moving the market.
Asked about BitMEX's coming closure on September 23, Hayes said he "feels very good" about it. And he stressed that the shutdown is voluntary and proactive, not the result of a hack. He added that operating the exchange no longer makes economic sense without scale advantages.
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