Arthur Hayes Warns of $90K Bitcoin Dip Ahead of 10x Rally to $1M

Key Points

1. Arthur Hayes suggests Bitcoin may retrace to $90,000-$95,000 short-term if the U.S. Treasury's TGA refill drains liquidity, or trade sideways around $100,000 if it has minimal impact.

2. Hayes anticipates a long-term Bitcoin surge to $1 million by 2028, fueled by U.S. fiscal policies expanding liquidity, including potential $10.1 trillion inflows into the T-bill market.

3. He warns against waiting for clearer Fed signals, as delaying risk-taking could mean missing Bitcoin's 10x rally or the Nasdaq 100's 5x rise to 100,000 by 2028.

4. Hayes views the Federal Reserve's Jackson Hole meeting in August as a potential inflection point for Bitcoin's price trajectory.

5. He attributes Bitcoin's future growth to the U.S. government's fiscal policies, which he believes will provide fuel for risk assets like Bitcoin.