Arthur Hayes expects that due to US tariffs, BTC will test $100,000, and ETH will test $3,000.
A well-known trader and essayist of the crypto market, former CEO #Bitmex and manager of the family fund #Maelstrom , according to #Lookonchain data, is selling altcoins. He dumped 7.76 million #ENA , 2,373 #ETH Sent 38.86 billion #PEPE to the exchange.
Commenting on his actions, Hayes stated that the US tariff bill comes into effect in the third quarter, which may change the macroeconomy. And after the release of the production data, the market concluded - GDP recovery is slowing down, and there is no stimulus yet. "No economy creates liquidity fast enough." Hayes himself will speak on August 25 in Tokyo, where he promises details and forecasts.
What should we primarily remember after Hayes' words today? His May interview for #Fortune, where he stated that BTC will be worth $200,000 this summer👌. Were tariffs something unknown back then? No. Moreover, since that moment, there has been more certainty on the topic. For example, the US and the EU reached an agreement. But now Hayes has publicly shown less optimism.
None of the forecasts are the ultimate truth. None of the influencers know the future and interpret events in the moment. But in his July essay about the preparation of a crypto-bubble in the US, it should be noted that Hayes sounded very convincing. It remains to understand how he connects that text in his mind with today's actions 😁