Arthur Hayes Claims Bitcoin Will Slump to $70,000 Before Rebounding to $250,000

Arthur Hayes predicted a dramatic crash in Bitcoin’s value but claimed that it would rebound to a new all-time high by the end of the year.

The majority of his arguments were unrelated to today’s DeepSeek-related market turmoil, but he claimed that these events could serve as a catalyst.

Arthur Hayes Expects a Mini-Financial Crisis for Bitcoin

Arthur Hayes, former CEO of BitMEX, has dramatically changed his short-term predictions for Bitcoin. Earlier this month, he claimed that the price of Bitcoin would peak in mid-March before facing a severe correction.

However, today, Hayes updated his prediction to claim that BTC was already on the precipice of this decline.

“Reversing the order of my tryptic essay series. I am calling for a $70,000 to $75,000 correction in BTC, a mini financial crisis, and a resumption of money printing that will send us to $250,000 by the end of the year,” Hayes claimed.

Hayes later posted an extensive breakdown of this projection on his personal blog. He noted many global economic factors.

Hayes’ short-term bearish prediction for Bitcoin is based on the deteriorating global fiat liquidity environment. This is being driven by rising US 10-year Treasury yields, a tightening Federal Reserve, and slowed money printing in major economies like the US, China, and Japan.

These factors have increased financial stress. In turn, it’s creating a negative environment for fiat-priced assets, including Bitcoin, which Hayes argues is highly sensitive to global liquidity conditions.