BitMEX Founder Suggests Bitcoin Could Briefly Dip Amid Trump’s Bill Impact Before Resuming Uptrend

2025-07-03 19:36:29

Main Idea

BitMEX founder Arthur Hayes predicts Bitcoin may briefly dip to $90,000 due to Trump's fiscal bill impacting liquidity, but remains bullish long-term with a potential rise to $1 million by 2028.

Key Points

1. Bitcoin recently surged past $110,000, but Hayes warns of a potential dip to $90,000 due to Trump's 'Big Beautiful Bill' increasing Treasury borrowing and reducing market liquidity.

2. The U.S. Treasury's increased borrowing could absorb cash from the financial system, temporarily pressuring Bitcoin and other risk assets.

3. Hayes maintains a long-term bullish outlook, projecting Bitcoin could reach $1 million by 2028 as investors seek alternatives to traditional Treasury securities.

4. The GENIUS Act introduces regulatory changes for stablecoins, which may influence digital asset markets alongside Bitcoin's price dynamics.

5. Bitcoin long-term holders now control 74% of supply, indicating potential market maturation and supply constraints.

Description

BitMEX founder Arthur Hayes remains optimistic about Bitcoin’s long-term trajectory despite anticipating a short-term price correction triggered by President Trump’s recent fiscal legislation. Hayes highlights the potential liquidity impact of

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