Arthur Hayes, co-founder of BitMEX, recently cited macroeconomics concerns linked to the U.S. tariff bill and weak employment data. He forecasts Bitcoin testing $100,000 and Ethereum falling to $3,000, as global economies struggle to drive nominal GDP growth. Additionally, Hayes sold about $13.35 million worth of crypto assets to multiple platforms.
Hayes Warns Against U.S. Tariff Bill
In a recent post on X, Hayes warned of looming macroeconomic instability. He believes that the expiration of the US tariff bill will add further pressure to an already sluggish market.
He stated, “Y? US Tariff bill coming due in 3q … at least the mrkt believes that after NFP print. No major econ is creating enough credit fast enough to boost nominal gdp. So $BTC tests $100k, $ETH tests $3k.”
Hayes further pointed out that no major economy is currently creating credit fast enough to support nominal GDP growth, which influences broader economic conditions. This also indicates that Bitcoin and Ethereum could become safe havens again.
Amid Broad Market Volatility, Arthur Hayes Dumps Crypto Assets
Hayes sold about 2,373 ETH worth $8.32 million, 7.76 million ENA valued at $4.62 million, and 38.86 billion PEPE tokens totaling around $414,700. His transactions spanned multiple platforms— Uniswap, Flowdesk, and Binance. The co-founder also made large USDC inflows from multiple addresses before moving tokens to centralized exchanges.
Despite the sellings, Hayes’ strategy may still match his long-term view of crypto growth. It can be seen as a tactical move, as just a few weeks back, he bought about $1.5 million in ENA tokens (Ethena) when prices were low.
What’s Next? Hayes’ WebX Asia Event in Tokyo
Hayes plans to expand his views on derivatives trading and on macroeconomic headwinds in the WebX Asia event in Tokyo on August 25, 2025. He also plans to explore how trade policy might influence crypto markets in the near term. This event could be profitable for investors seeking advice in crypto strategy, as the recent Tariff bills and unchanged rate have provoked uncertainty in the industry.
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FAQs
Upcoming US tariff bill expirations create economic uncertainty, reducing risk appetite. Hayes warns this could pressure markets until credit growth improves to support nominal GDP expansion.
As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.
As the altcoin season begins, the short-term gains make Ethereum a lucrative buying option. However, the long-term promises of this programmable blockchain make it a viable long-term crypto investment.
