Bitcoin Could Drop to $90,000 Before a 10x Rally, Says Arthur Hayes

Bitcoin goes against the current. While some see it faltering under the weight of macroeconomic uncertainties, others predict a blazing future for the king digital asset. And in this cacophony of opinions, Arthur Hayes, a major figure in the crypto world, stands out with a bold vision: a brutal correction followed by a historic surge to a million dollars. A double-trigger scenario that could well shake the certainties of the most seasoned investors.

A predicted collapse for bitcoin? Not so fast…

Arthur Hayes, one of the most controversial visionaries in the crypto universe, doesn’t beat around the bush: according to him, bitcoin could soon drop to around $90,000. Yes, a drop, not an immediate surge, contrary to what the current euphoric mood around BTC might suggest.

Why such a correction when fundamentals seem bullish? The reason: a financial mechanism much more powerful than any Elon Musk tweet: the replenishment of the Treasury General Account (TGA), the U.S. Treasury’s bank account.

After raising the debt ceiling, the government must issue bonds to refill its cash reserves. In plain terms, it siphons liquidity from the market, temporarily depriving risk assets like bitcoin of their favorite fuel: dollar excess.

According to Hayes, if this drying up confirms, bitcoin could plunge to $90,000 or even $95,000. But beware: he is not talking about a total collapse or a prolonged bear cycle. It’s a temporary turbulence, a wave trough. A moment to watch, certainly, but definitely not to fear.

One million dollars: the prophecy of fiscal chaos

Because behind this veneer of caution, Arthur Hayes thinks big. Very big. The founder of Bitmex bets on a surge of risky assets in the coming years, driven not by a classic Fed pivot but by a silent inflation of liquidity orchestrated by U.S. fiscal policy.

Contrary to what many expect, this is not official QE or a spectacular rate cut. It is a more underground mechanism: capital injection via stablecoins and Treasury bonds, piloted by a new generation of economic strategists in Washington.

If major banks are allowed to issue their own stablecoins and excess reserves no longer earn interest, a tide of liquidity could pour… into Treasury bonds, and by ricochet effect, into speculative assets.

Hayes mentions an astounding sum: $10.1 trillion potentially reinjected into the economy through these mechanisms. A colossal lever that could propel bitcoin toward $1 million in a few years, without the Fed needing to wave any white flag.

Wait or act: the investors’ dilemma

Faced with this scenario, a crucial question arises: should we wait for a clear Fed signal before entering the market? For Hayes, that’s a strategic mistake. Those who wait risk missing the start of the move, that fleeting moment when the market anticipates the wave rather than follows it.

In other words: bitcoin won’t ask permission to rise. It will rise because systemic conditions will push it there. Overly cautious investors risk staying on the platform while the train is already speeding ahead at full speed.

Volatility? Inevitable. Doubt? Natural. But in the bitcoin universe, boldness often pays more than patience. The million dollars may not be tomorrow morning… but every correction could well be a disguised opportunity, a gateway to a peak that few dare to seriously consider yet.

Hayes’s message is clear: the short term could hurt, but the long term could change lives. It’s not just a matter of price, but a matter of monetary dynamics, government strategy, and anticipation. Bitcoin is no longer just a bubble. It’s a thermometer, a barometer, and soon, perhaps, the compass for an entire generation of investors. On Ethereum’s side, things are moving too. A study predicts ETH crypto over 700k.