- Arthur Hayes has predicted a Bitcoin price pullback to $90,000.
- Bitcoin’s price pullback will precede the next rally to higher levels.
- Bank-issued stablecoins will push trillions of dollars into digital assets.
BitMEX co-founder Arthur Hayes has predicted a Bitcoin price correction to the $90,000 region before the cryptocurrency’s next rally towards new highs.
Hayes analyzed the central bank policy and Wall Street incentives supporting US bank-issued stablecoins, highlighting their potential effect on the digital assets market.
The Short-Term Case: A Correction to $90,000
Before the next leg up, Hayes foresees a period of turbulence. He believes a combination of historical market cycles and profit-taking from speculators will weigh on Bitcoin’s price.
This pullback could be amplified as traders wait for clearer policy signals from the U.S. Federal Reserve before committing new capital. This potential “summer lull” could see Bitcoin’s price wash out weak hands and establish a new floor around the $90,000 mark, creating a healthier base for future growth.
The Long-Term Vision: A Wall Street Stablecoin Boom
The catalyst for Hayes’s long-term bullish thesis is the impending arrival of fully regulated, bank-issued stablecoins from financial giants like JPMorgan. He argues these are not just competitors to existing stablecoins like Tether (USDT) but are critical new tools for the entire US banking industry.
Hayes predicts these new digital dollars will allow banks to absorb trillions from low-yield retail deposit accounts and channel that money into short-term Treasury bills without incurring capital penalties. This would unlock a massive wave of new liquidity that, he believes, will inevitably spill over into risk assets. As investors seek higher yields, a significant portion of this capital will find its way into Bitcoin and top tech stocks, fueling the next major bull market.
Related: 88% of Bitcoin’s Bull Run Is Over: Here’s What Comes Next
The BitMEX co-founder argued that the upcoming bank-issued stablecoins will go beyond rivaling existing digital assets like Tether (USDT) and Circle (USDC) and become critical tools for the banking industry. TradingView’s data reveals that Bitcoin traded around $110,000 at the time of writing, following a two-day surge that saw the cryptocurrency move closer to its all-time high of $112,000.
Related: Arthur Hayes on Stablecoins, Geopolitics, and Bitcoin’s Next Peak
Hayes’ prediction suggests that BTC will encounter resistance around its current price ahead of a notable pullback. However, the cryptocurrency’s metrics maintain a bullish outlook as retailers look forward to more profitable rallies.
For now, Hayes’s forecast presents a classic “one step back, two steps forward” scenario, a necessary correction followed by a powerful, liquidity-driven rally.
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