Arthur Hayes: Crypto Forces TradFi to Adapt or Die With Equity Perps Becoming 2026’s Hottest Play

Arthur Hayes has raised concerns regarding Tether's investment strategy, particularly its significant exposure to Bitcoin and gold, which he warns could lead to substantial financial instability and undermine market confidence in the USDT stablecoin. This warning comes amid a backdrop of declining Bitcoin prices and recent downgrades from S&P Global Ratings, which cited similar vulnerabilities in Tether's financial practices.

Arthur Hayes, co-founder of BitMEX, has reaffirmed his bullish stance on Bitcoin, maintaining a price target of $250,000 by year-end, while stating that the recent dip to $80,600 represents the market's bottom. He expressed these views during an appearance on the Milk Road podcast, emphasizing that dollar liquidity has reached its lowest point and is now poised to support higher prices for Bitcoin.

Arthur Hayes, co-founder of BitMEX, has stated that most Layer 1 (L1) cryptocurrencies outside of Ethereum and Solana are likely to decline significantly, potentially heading towards zero. This assertion highlights concerns about the sustainability and viability of numerous blockchain projects in the current market landscape.

Arthur Hayes has issued a warning regarding Monad, predicting that its token could experience a drastic decline of up to 99% due to its vulnerable structure, which he describes as a high-risk 'VC coin'. This caution comes amidst a backdrop of significant market fluctuations and concerns over liquidity.

Arthur Hayes has issued a stark warning regarding Monad, predicting that its token could plummet by as much as 99% due to its precarious structure, which he categorizes as a high-risk 'VC coin'. This cautionary statement comes amid a turbulent cryptocurrency market, raising alarms about the sustainability of such tokens.

Arthur Hayes, co-founder of BitMEX, asserts that Bitcoin's recent dip to $80,000 signifies a market bottom rather than the onset of a bear market. He believes that the liquidity-driven reset is concluding, with dollar liquidity now stabilizing, which could support a price increase for Bitcoin.

Arthur Hayes, co-founder of BitMEX, has predicted that equity price discovery will transition to 24/7 crypto perpetual markets, suggesting a significant shift in how stock prices are determined. This forecast comes as traditional exchanges face increasing pressure from a more crypto-friendly regulatory environment.