Arthur Hayes and Bitwise CIO stay bullish as Bitcoin falls under $100K
Former BitMEX CEO Arthur Hayes says rising US debt will force the Federal Reserve into “stealth QE,” quietly injecting liquidity that could reignite Bitcoin’s next rally.
Bitcoin’s recent dip below $100,000, its lowest level since June, has sparked concerns among crypto investors. However, two well-known market figures offer a more optimistic view on where Bitcoin could be headed next.
Bitwise chief investment officer Matt Hougan believes the latest downturn reflects peak retail capitulation rather than the start of a deeper collapse. “Crypto retail is in max desperation,” he told CNBC’s Crypto World on Tuesday. “We’ve seen leverage blowouts… the market for sort of crypto native retail is just more depressed than I’ve ever seen it.”
Hougan said there are more and more signs that the sell-off is nearing exhaustion. “When I go out and speak to institutions or financial advisers, they’re still excited to allocate to an asset class that if you pan back and look over the course of a year, is still delivering very strong returns,” he said.
