- Arthur Hayes expects BTC to test $100K in Q3
- Macroeconomic pressure rising after U.S. jobs data
- No major economy is creating enough credit for growth
BitMEX co-founder Arthur Hayes has issued a bold forecast: Bitcoin ( BTC ) could test the $100,000 level soon, possibly within Q3. His statement comes as the U.S. faces rising economic pressure, especially with the impending fallout from its own tariff policy.
According to Hayes, the “tariff bill is coming due” in the third quarter. This suggests that the economic consequences of prolonged tariffs—such as inflation, reduced trade flows, and supply chain disruption—will begin to affect the broader market sentiment.
This prediction aligns with concerns raised following the latest non-farm payroll data, which indicates a slowing labor market. Investors are now eyeing higher macroeconomic uncertainty, which could drive more capital into non-traditional assets like Bitcoin and Ethereum .
Credit Growth Lagging Behind GDP Demands
A key point Hayes made is that no major economy is currently creating credit fast enough to sustain nominal GDP growth. Credit creation is essential for fueling investments and consumption—two vital components of GDP. Without this, economies face stagnation, and central banks may need to intervene aggressively.
This environment, marked by weak credit growth and growing economic risks, often boosts the appeal of decentralized assets. Hayes believes that if traditional economic engines stall, capital may seek refuge in crypto, particularly Bitcoin and Ethereum.
Bitcoin at $100K, Ethereum at $3K?
In light of these pressures, Hayes anticipates Bitcoin will test the $100,000 mark, while Ethereum ( ETH ) may reach $3,000. While ETH’s target is more conservative, BTC’s predicted price surge reflects growing investor interest in digital gold amid macro turmoil.
Whether this plays out depends on how aggressively central banks and governments respond to the looming economic squeeze. If stimulus measures remain absent or ineffective, crypto could see a significant influx of capital by Q3’s end.
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