Ladies and gentlemen, hold onto your hats! Arthur Hayes, the co-founder of BitMEX, predicts the crypto rollercoaster will plummet to a whopping $100,000 for Bitcoin — yes, you heard me right, *down* from that shiny, lofty peak! And Ethereum? Going on a little joyride down to $3,000, because why not? 🎢🙃
Why, you ask? Well, our charming prophet Hayes blames a cocktail of macroeconomic hangovers and global credit is so sluggish, it makes a tortoise look like a cheetah. Apparently, the market’s riding a seesaw of doom following the coming US tariff bill (ooh, spill the tea!) and a global financial yawn fest. ☕📉
Crypto Market Shrivels by $372 Million — No Big Deal, Just Wall Street’s Favorite Hobby! 💸🤑
So, on August 2, Hayes went on X (formerly Twitter — the social media wayback machine), warning us about the coming storm. According to him, the US tariff bill in Q3 is the villain lurking behind the corner, and no, the economy isn’t creating credit fast enough to keep the lights on in Vegas. Guess it’s time for a market correction, folks! 🎭
He boldly predicts Bitcoin could test that shiny $100k mark, and Ethereum might dip to a soggy $3k. And yes, he’ll be speaking at the WebX_Asia Tokyo keynote on August 25—if you want crash course in “How Markets Panic While You Sip Sake.” 🍣🍶
Y? US Tariff bill coming due in 3q … at least the market believes that after NFP print. No major econ is creating enough credit fast enough to bump up nominal GDP. So $BTC tests $100k, $ETH tests $3k. Find out more at my @WebX_Asia Tokyo keynote — I’m going back to the beach! 🌴🌊 — Arthur Hayes (@CryptoHayes) August 2, 2025
The market’s not exactly throwing confetti — it’s down over 3% in just a day — bringing the total cap to a modest $3.76 trillion. Bitcoin’s doing the limbo, dropping from a near $114,000 high to a chilly $112,113, then shimmying back to $113,494. Ethereum, the diva, did a quick fall from over $3,500 to $3,373, then trotted back up again. 💃
This wild ride triggered a liquidation carnival of $372 million — more than 115,000 traders just got a not-so-gentle slap on the wrist. Traders betting on a bounce? They lost big, coughing up around $322 million. Short sellers, who thought everything was going down the drain, only shed about $65 million. 😱💸
Ethereum took the lead with a liquidation spree of $119 million, with Bitcoin close behind at $62 million. Despite all the chaos, Eric Trump, yes, Donald’s son, popped in to tell everyone, “Buy the dips!” because apparently, that’s the secret to riches. 📈💼
Let me say it again:
₿uy the dips!!! $BTC $ETH — Eric Trump (@EricTrump) August 2, 2025
Now, his previous advice turned out pretty well—Bitcoin jumped 15% and Ethereum soared 20%. So, who’s to say this time won’t be the same? Maybe it’s the beginning of the next crypto fairy tale — or just a really expensive rollercoaster. 🎠✨
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2025-08-03 13:46