Could Bitcoin Really Hit $200,000? Arthur Hayes Makes a Bold Prediction

Updated

November 19, 2025

Gambar Could Bitcoin Really Hit $200,000? Arthur Hayes Makes a Bold Prediction

Jakarta, Pintu News – Recently, panic hit the market again when Bitcoin broke the support limit and fell below $90,000. In the midst of this chaos, BitMEX co-founder Arthur Hayes expressed his views on the current state of the crypto market, even predicting that the price of Bitcoin will rise before the end of the year.

Arthur Hayes Predicts Bitcoin to Break $200,000 Amid Crypto Market Crash

arthur hayes bitcoin price prediction — Source: CCN

BitMEX co-founder Arthur Hayes said in a blog post that the price of Bitcoin (BTC) still has the potential to jump to $200,000 before the end of this year.

However, he expects this spike to occur after the US dollar liquidity adjustment is complete. However, Hayes also warns that before that happens, the price of Bitcoin could continue to drop to the $80,000 to $85,000 range.

According to his speculation, the recent decline in Bitcoin price is due to the reduced liquidity of the US dollar, which is reflected in the reduced inflow of funds into ETFs and DATs. He explains that Bitcoin is an asset that is heavily influenced by expectations of future fiat supply.

He highlighted the tariff truce between the US and China on April 9, 2025 as one of the key events supporting his theory. Before the deal was reached, the crypto market was hit hard, and the price of BTC fell to its lowest level in months due to the trade war between the US and China.

After the tariff truce was announced, the price of Bitcoin jumped 21%, and other cryptocurrencies such as Ether followed suit. In addition, institutional investors started to move back into Bitcoin ETFs as US dollar liquidity recovered.

But recently, Hayes claimed that the dollar liquidity “embodied” in Bitcoin’s price has declined again, causing the price of BTC to slip from its record high of $126,000 to below $90,000.

It’s worth noting that Arthur Hayes is also reported to have sold most of his crypto holdings amid this market crash.

Previously, the BitMEX founder was known to have sold nearly $5 million in Ethereum , Ethena , and Aave . At the same time, he started looking at other assets such as Zcash , which is said to be one of the best-performing assets in recent months.

Market Outlook for Bitcoin (BTC)

Like Arthur Hayes, a number of other market experts also shared their views on the current market conditions and their predictions on the future direction of Bitcoin.

One of them is Benjamin Cowen, who in a post on the X platform, predicts that the price of Bitcoin will most likely drop to the $60,000 range by 2026.

ISM is still below 50 now.

ISM > 50 shows that the economy is expanding.

Historically, $BTC has produced the biggest pumps when ISM goes above 50.

Right now, it's sitting around 48.7, which means the Bitcoin expansion phase won't start now. pic.twitter.com/JOe6Qbh3Gc
— Ted (@TedPillows) November 18, 2025

Cowen based his analysis on the fact that Bitcoin is approaching a bear market phase. He states that the thesis will be even stronger if the price of BTC moves closer to the 200-week simple moving average (SMA), as has happened in previous bear market cycles.

But unlike Cowen, other analysts like Ted Pillows have a more optimistic view. In a post on X, he explained that Bitcoin usually records the biggest rallies when the ISM Index is at 50. Currently, the index is at 48.7, which according to him shows no sign that the market has entered a bearish cycle.

While I think Bitcoin will go to the 200W SMA ($60k-$70k) in 2026, there is a high probability it will have a bounce back to the 200D SMA before going that low.

All prior cycle bear markets were confirmed by a macro lower high at the 200D SMA. pic.twitter.com/1S477LVLhf
— Benjamin Cowen (@intocryptoverse) November 17, 2025

Meanwhile, Bitcoin’s price fall below $90,000 has sparked concern among investors. However, figures like Cameron Winklevoss, co-founder of Gemini, see this as a rare buying opportunity that may not be repeated.

Interestingly, despite deteriorating market conditions and a lot of negative sentiment (FUD) circulating, institutional investors and “whales” have continued to buy Bitcoin as the price has dropped.

FAQ

Who is Arthur Hayes?

Arthur Hayes is the co-founder of BitMEX, a crypto derivatives trading platform, and frequently provides analysis and predictions on the crypto market.

Why did Arthur Hayes predict a rise in Bitcoin price?

Arthur Hayes predicts that the price of Bitcoin (BTC) will increase due to the expected adjustment of US dollar liquidity, which will affect inflation and currency exchange rates.

What is US dollar liquidity?

US dollar liquidity refers to the ease and speed with which US dollars can be used for transactions or converted into other assets without significantly affecting their exchange rate.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app through Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference: