Arthur Hayes does not expect a rise in Bitcoin until this date! "There is also a risk of 90 Thousand Dollar! I sold all the Altcoins, I might sell BTC too!"

One of the outspoken names in the crypto sector, BitMEX co-founder Arthur Hayes, shared his new predictions regarding Bitcoin.

In his new blog post, Arthur Hayes stated that Bitcoin (BTC) and the market could move sideways or with a slight downward trend during the period leading up to the Jackson Hole conference in August.

Hayes emphasized that they should be replaced with US bonds and claimed that buying US government bonds was a mistake.

Bitcoin (BTC) It Could Decline to These Levels!

The famous figure stated that the recent support the US government has given to stablecoins is not to benefit fintech companies like Circle, but rather to empower large traditional banks and fill the treasury.

At this point, Hayes stated that the U.S. Treasury needed new ways to sell trillions of dollars in bonds without causing interest rates to rise and to replenish the U.S. Treasury (TGA). This also led Treasury Secretary Scott Bessent to seek alternative buyers and turn to stablecoins.

However, according to Hayes, behind the US government's support for stablecoins lies a massive liquidity game, which could negatively affect the Bitcoin price.

Because the market is not showing interest in bonds at high prices, this is directing the US government towards stablecoins.

At this point, according to Hayes, the issuance of stablecoins by US banks could provide a purchasing capacity of $6.8 trillion, and banks could convert their existing deposits into bond purchases. This could allow new liquidity to enter the market in the future and trigger an upward trend.

However, Hayes stated that if the effort to refill the US Treasury and sell bonds negatively affects USD liquidity in the short term, the price of Bitcoin could drop to a range of 90,000 to 95,000 dollars.

Arthur Hayes recently stated that the U.S. government's liquidity and stablecoin game poses a risk of pulling Bitcoin into the $90,000-$95,000 range, which could also negatively affect altcoins.

At this point, Hayes stated that the company Maelstrom has sold all its illiquid altcoin positions and is considering reducing its Bitcoin positions depending on market performance.