Arthur Hayes: HYPE to Reach $150 in July, a 5-Fold Increase from Current Levels

Odaily News: Arthur Hayes stated in a post that Bitcoin, as the alarm for global fiat currency liquidity, has recently diverged from the performance of the Nasdaq 100 index, signaling an impending large-scale credit destruction event. The widespread adoption of AI will lead to 20% of white-collar knowledge workers losing their jobs, subsequently triggering approximately $557 billion in consumer credit and mortgage defaults in U.S. commercial banks.

Arthur Hayes indicated that even if Bitcoin drops from $126,000 to $60,000, the market will still face downward pressure if the Federal Reserve does not restart monetary expansion. He pointed out that once the Federal Reserve is forced to intervene due to a banking crisis, Maelstrom will deploy excess stablecoin positions into ZEC and HYPE. He predicts that HYPE will reach $150 in July, representing a roughly 5-fold increase from current levels.