Hayes: Bitcoin to $250k Without Crisis, But Could Crash 75%

Arthur Hayes, CEO of BitMEX and CIO of Malestrom, believes Bitcoin (BTC) will reach $250,000 without a financial crisis. He attributes this prediction to continued global money printing, rather than a single catalyst.

In an interview, Hayes stated that policymakers would prioritize keeping liquidity flowing over allowing a 2008-style credit event tied to the AI buildout. He expects the Federal Reserve and other central banks to continue easing policies to avoid a coordinated global credit event.

Hayes' own portfolio is heavily weighted towards Bitcoin, with his holdings split 10-to-1 in favor of BTC over gold. His public equity exposure is focused on gold miners and Exxon Mobil (XOM).

However, Hayes also warned that Bitcoin could still drop by as much as 75% along the way to $250,000.