Arthur Hayes has spoken again, simply put: after the non-farm payroll data was released, the market thinks that the U.S. tariff legislation will expire in the third quarter.

He is also pondering that the major economies are trying to rely on credit to boost nominal GDP, but the pace simply cannot keep up.

So what does this have to do with the crypto space? According to him, Bitcoin needs to test the $100,000 mark, and Ethereum should also aim for $3,000.

The logic is actually not complicated: once the tariffs expire, trade will loosen up, and capital may be more willing to dive into risk assets. As leading assets, Bitcoin and Ethereum are naturally more likely to attract attention. Furthermore, if credit cannot expand and economic growth is sluggish, the likelihood of countries adopting easing policies increases, leading to more money in circulation. Bitcoin, which many people consider an inflation hedge, is likely to be speculated upon.

The market sentiment is currently a bit heated, and the technical and financial aspects look decent, which is why these two target prices have been mentioned. $BTC $ETH