Arthur Hayes Warns #Bitcoin Could Drop to $90K After Big Beautiful Bill Passage


$BTC may test $90,000 levels after President Trump's spending bill becomes law, according to BitMEX co-founder Arthur Hayes.


The bill's passage could prompt the U.S. Treasury to refill its General Account, creating a liquidity drain from markets.


Hayes believes the Treasury borrowing increase may temporarily interrupt the current bull market momentum.


Despite short-term volatility concerns, Hayes maintains his bullish outlook for $BTC's 2025 price action.


The crypto entrepreneur previously predicted $BTC could reach $1 million by 2028 driven by monetary policy changes.


Hayes argues government interest in stablecoins stems from deficit reduction goals rather than payment innovation.


The GENIUS Act framework would enable big banks to use #stablecoins for purchasing U.S. treasury bills to reduce national debt.

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July 03, 2025 at 11:31 PM
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