BitMEX Co-founder Arthur Hayes Revises Bitcoin Forecast Down to $125,000 Amid Liquidity Concerns

At the Consensus Miami conference, BitMEX co-founder and Maelstrom CIO Arthur Hayes revealed a significant adjustment to his long-term Bitcoin outlook, lowering his price target from $500,000 to $125,000.

He emphasized that Bitcoin, as a fixed-supply asset, is highly sensitive to global fiat liquidity conditions. To illustrate his point, he cited the first-quarter downturn in tech and SaaS equities, driven in part by concerns about artificial intelligence, arguing that the weakness suggests monetary expansion may fall short of offsetting broader deflationary pressures, including layoffs and rising corporate debt defaults.

Hayes added that the scale and trajectory of future central bank money creation will ultimately determine how much upside potential remains for Bitcoin.

Source: CoinDesk