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Bearish Arthur Hayes says #Bitcoin# could retrace to $100K on macro headwinds
Maelstrom Fund chief investment officer Arthur Hayes has warned that mounting macroeconomic pressures could drag Bitcoin back down to the $100,000 level — and he's already taken crypto profits in anticipation.
Hayes linked the recent crypto pullback to renewed tariff fears sparked by the disappointing Non-Farm Payrolls report, which showed just 73,000 new jobs added in the US in July — a sign of economic fragility.
Hayes also pointed to sluggish credit growth in major economies stunting nominal gross domestic product growth in warning that #Bitcoin# & #Ethereum could fall further toward the $100,000 and $3,000 levels.
Will Arthur Hayes be correct in his predictions?
What are your predictions on $BTC & $ETH? 🤔
#Bitcoin# 2025