Investor Arthur Hayes remains long-term bullish on Bitcoin, but expects further pressure on the market in the short term. In an interview with journalist Natalie Brunell, he said:
“If I had to invest one dollar right now, I wouldn’t put it into Bitcoin. I would wait.”
According to Hayes, the key factor remains liquidity. BTC needs an influx of new capital in order to rise. Until that happens, the price could continue to decline.
“Bitcoin is essentially a liquidity alarm,” he explained. In his view, the market currently shows that there is still not enough dollar liquidity to drive a new rally.
Possible Pressure on the Bitcoin Price
Hayes is paying particular attention to developments in the Middle East.
“The longer this conflict continues, the higher the probability that the Federal Reserve will have to print money,” the investor noted.
That, according to him, would be the moment when the market becomes especially interesting:
“That’s when I will start buying BTC — when central banks begin printing money again.”
In the short term, however, he does not rule out a deeper correction. Hayes believes that Bitcoin could still fall further, especially if cascading liquidations occur across the market, potentially breaking key price levels.
The Long-Term Outlook Remains Positive
Despite potential short-term weakness, Hayes remains confident in Bitcoin’s long-term growth.
“Over time, the price will go up,” he said.
In his view, the mechanism behind this is simple:
Governments tend to print money to solve economic problems, and an expanding money supply ultimately increases the value of scarce assets such as Bitcoin.
Hayes also expressed optimism about the Hyperliquid project. He believes the HYPE token could reach $150 by August this year. From the current level of around $30, that would represent roughly a fivefold increase.
