Arthur Hayes Dumps Crypto Like It’s Last Week’s Sushi but Still Thinks Bitcoin Will Hit $100K 🚀

While the crypto market has decided to take yet another nosedive—down 2.02% in the past 24 hours and now wallowing at a not-so-grand total of $3.66 trillion—former BitMEX CEO Arthur Hayes apparently hit the “sell” button so hard it might have left a dent. Reports suggest he offloaded $13.35 million worth of crypto, including ETH, PEPE, and ENA. But don’t worry, folks, Hayes is still convinced that bitcoin will eventually waltz back to $100,000 and ethereum will moonwalk its way up to $3,000. 🌕💃

Hayes Blames Tariff Fears, Sells $13M in Crypto Before Tokyo Keynote 🗼

On Aug. 1, 2025, the ever-vigilant X account Lookonchain shared a post revealing that “Arthur Hayes (@CryptoHayes) sold 2,373 ETH ($8.32M), 7.76M ENA ($4.62M) and 38.86B PEPE ($414.7K) in the past 6 hours.” They even helpfully pointed out a wallet address linked to Hayes via Arkham Intelligence. Another Arkham-labeled entity claims to belong to him, though there’s a question mark next to it, as if even the blockchain isn’t entirely sure who this guy is anymore.

But lo and behold, Hayes himself chimed in with a reply to Lookonchain’s post, implying (with all the subtlety of a sledgehammer) that yes, this wallet belongs to him. He cited the looming specter of U.S. tariff bills in Q3, which everyone seems to be panicking about after the latest jobs report (NFP). According to Hayes, no major economy is generating enough credit to grow nominal GDP, which sounds like something you’d hear from an economist who just discovered existential dread. 😱

Hayes said:

“So BTC tests $100K, ETH tests $3K.”

For those eager to hear more pearls of wisdom—or perhaps just some vague hand-waving—he’ll be delivering a keynote speech on Aug. 25 at WebX Asia in Tokyo. After that? Well, he casually mentioned heading “back to the beach,” presumably to sip piña coladas while the rest of us try to figure out what the heck is going on. 🏖️🍹

It seems Hayes’ decision to cash out was driven by short-term macroeconomic pressures, because when life gives you lemons, why not trade them for slightly less volatile assets? Despite this little fire sale, Hayes remains bullish long-term, predicting fiat liquidity explosions thanks to potential Trump policies, BOJ dollar injections, and inflationary war-driven economics. In fact, he previously projected bitcoin could reach $200,000 by year-end, riding the wave of global monetary easing. So maybe he’s not completely mad. Or maybe he is. Who can tell in this chaotic universe of ours? 🌀

2025-08-02 21:58

Hayes Blames Tariff Fears, Sells $13M in Crypto Before Tokyo Keynote 🗼

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