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BitMEX founder Arthur Hayes shared an ambitious price prediction for the $HYPE token, suggesting it could reach $150 in July. According to Hayes, this level represents approximately five times the current price.
Hayes drew attention to the impending risks in global markets. He argued that the recent weakening correlation between Bitcoin and the Nasdaq 100 index, which he sees as an “alarm for global fiat currency liquidity,” could signal a major credit crunch. According to him, this divergence indicates that the markets are entering a new period of stress.
Hayes also warned that the rapid spread of artificial intelligence (AI) could leave approximately 20% of white-collar knowledge workers unemployed. He suggested that this could lead to an increase in default rates on consumer loans and mortgages in the US, resulting in losses of approximately $557 billion for commercial banks.
The renowned investor stated that even if Bitcoin falls from $126,000 to $60,000, the downward pressure on the markets will continue unless the US Federal Reserve (Fed) restarts quantitative easing.
However, Hayes, who believes the Fed would have to intervene in a potential financial crisis, stated that in this scenario, his fund, Maelstrom, would redirect its excess stablecoin positions towards ZEC and $HYPE.
Hayes’s statements are seen as potentially triggering a new wave of speculation in the market, particularly in altcoins.
*This is not investment advice.
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