Market Commentary and Crypto Insights from Arthur Hayes
Arthur Hayes, co-founder of BitMEX and now CIO of Maelstrom Fund, remains one of crypto’s most provocative and respected macro traders. Known for bold predictions and colorful writing, Hayes regularly publishes essays blending market insights, history, and economics — and in 2025, he's doubling down on Bitcoin’s long-term value.
In March 2025, Hayes argued that Bitcoin's trajectory depends less on price charts and more on fiat liquidity flows, urging traders to watch central bank behavior over short-term targets. He projects Bitcoin could reach $110,000 during this cycle, assuming global liquidity remains loose — though he warned of a peak and correction by late Q1. Ethereum, too, remains a favorite in his outlook, with Hayes forecasting new all-time highs.
Hayes has emphasized a high-conviction thesis: the more governments print, the more valuable Bitcoin becomes. Despite past regulatory run-ins, Hayes has reclaimed a strong presence in global financial discourse. His commentaries now serve as key references for both institutional investors and individual traders navigating the volatile crypto landscape.
Flop Labs Devnet to launch with public access for miners and validators, Arthur Hayes states
The Flop Labs Devnet will be opening to the public in the coming days, offering instructions for individuals interested in participating as miners or validators. Sample prompts will be available ...
Arthur Hayes: Flop Labs to open Devnet public testing for miners, validators, and agents
Flop Labs will soon open its Devnet for anyone interested in joining as a miner or validator and for agents to connect to the network. Participation in the Devnet will not count toward any token ...
Sells major crypto holdings and waits on sidelines, Arthur Hayes notes
Arthur Hayes, Arthur Hayes, co-founder and chief investment officer at Maelstrom, stated that he has sold his entire holdings, including ETH, ENA, UNI, and other cryptocurrencies. Hayes ...
Arthur Hayes: No FLOP token exists for flop_labs testnet and airdrop
Arthur Hayes, Arthur Hayes, co-founder and chief investment officer at Maelstrom, stated that there is no FLOP token associated with the upcoming flop_labs testnet and airdrop. He emphasized that ...
Questions over GAAP total expenditures for 3q surface, Arthur Hayes notes
Arthur Hayes, Arthur Hayes, questioned the meaning of an 'adjusted' profit margin and asked whether anyone knows what total expenditures were for the third quarter under GAAP rules. Hayes, who ...
Arthur Hayes: FLOP Testnet set for launch in coming weeks
Arthur Hayes, co-founder and chief investment officer at Maelstrom, shared his experience at the token2049 event, highlighting his engagement with Verita Health and Flop Labs. He announced that ...
Crypto surges despite major obstacles across cycles, Arthur Hayes notes
Arthur Hayes, co-founder and chief investment officer at Maelstrom, reflects on the recurring challenges faced at the start of each major crypto bull run. He highlights obstacles including the ...
Arthur Hayes: Technocore trading competition attracts 452k participants, 8 percent in profit
Arthur Hayes, co-founder and chief investment officer at Maelstrom, highlights recent updates from the Technocore trading competition. Hayes reports that there are 452,000 agentic traders ...
Flop Labs opens agent trading for NVDA perps October competition, Arthur Hayes notes
Arthur Hayes, co-founder and chief investment officer at Maelstrom, announces that the next Flop Labs competition will begin shortly at 12:00 UTC. Participants are invited to predict the price ...
Arthur Hayes: France credit spreads reach Euro Crisis highs
Arthur Hayes, co-founder and chief investment officer at Maelstrom, highlights recent market stress in France as OAT versus BUND spreads have widened to levels last seen during the 2011 Euro ...
New interviews offer digital asset perspectives, Arthur Hayes notes
Arthur Hayes, co-founder and chief investment officer at Maelstrom, shares new interviews discussing the latest insights on digital assets, financial markets, and Web3. The interviews highlight ...
Arthur Hayes: U.S. faces choice between buying compute or printing money to support AI debt
Arthur Hayes, co-founder and chief investment officer at Maelstrom, discusses possible outcomes for financing artificial intelligence infrastructure. Hayes presents two scenarios: either the U.S. ...
MOVE Index needs to surpass 130 and 10-year reach 5% for action, Arthur Hayes notes
Arthur Hayes, co-founder and chief investment officer at Maelstrom, discusses market conditions for significant policy response. According to Hayes, a combination of a MOVE Index above 130 and a ...
Arthur Hayes: KOL Leaderboard to track referral activity and FLOP network use
Arthur Hayes, co-founder and chief investment officer at Maelstrom, announced that @flop_labs is developing a KOL Leaderboard for key opinion leaders (KOLs). Each KOL will be given a unique ...
GPU rental options available for mining on Flop Labs, Arthur Hayes notes
Arthur Hayes, co-founder and chief investment officer at Maelstrom, highlights interest in mining on the Flop Labs network and points to the challenge of finding GPUs for rent. He suggests users ...
Arthur Hayes: Renewed interest in UNI and DeFi summer gains
Arthur Hayes, co-founder and chief investment officer at Maelstrom, reflects on recent movements in the DeFi sector. Hayes highlights that he previously benefited from gains during the initial ...
Arthur Hayes: CTO Sergey Vidyuk is a highly talented crypto engineer
Arthur Hayes, co-founder and chief investment officer at Maelstrom, introduced Sergey Vidyuk as the company's CTO, describing him as one of the most talented engineers he has worked with. ...
Agentic swarms using FLOP for commerce mark future direction, Arthur Hayes notes
Arthur Hayes, co-founder and chief investment officer at Maelstrom, announced that users who engage in agentic commerce using a specific feature will be rewarded with airdropped FLOP tokens. ...
Arthur Hayes: Criticizes European countries' treatment of crypto wallet users
Arthur Hayes, co-founder and chief investment officer at Maelstrom, raises concerns about certain European countries allegedly taking harsh actions against individuals with crypto wallets. Hayes ...
More money printing fuels crypto growth, Arthur Hayes argues
Arthur Hayes, co-founder and chief investment officer at Maelstrom, states that increased money printing by politicians who are unwilling or unable to reduce spending is the key factor boosting ...
Arthur Hayes: FLOP airdrop allocation will depend on testnet activity
Arthur Hayes, co-founder and chief investment officer at Maelstrom, announced that the upcoming FLOP airdrop will be determined based on activity on the project's testnet. He added that access ...
