Arthur Hayes, chief investment officer at Maelstrom Fund, has published a sobering macroeconomic assessment suggesting that Bitcoin could suffer a significant decline to $100,000.
The cryptocurrency investor, who recently liquidated approximately $13.35 million in digital assets, including ETH, Ethena, and PEPE, cites worrying economic indicators as the main driving factor.
He explained that the combination of weak NFP data, showing only 73,000 jobs added in July, and the restriction of credit expansion in major economies creates significant obstacles.
His analysis suggests these factors could push both Bitcoin toward $100,000 and Ether toward $3,000.