As fear grips the crypto market, Arthur Hayes is taking the opposite stance - buying, not running.
The outspoken BitMEX co-founder, known for leaning into volatility, has described the recent Bitcoin crash not as a catastrophe but as a rare opportunity to accumulate.
Hayes declared that “Bitcoin is on sale,” comparing the current correction to a clearance event before the next big rally. He hinted that if America’s regional banking strains morph into a full-blown crisis, government bailouts could follow – just like in 2023 – likely triggering another liquidity wave that sends digital assets surging.
Hayes said he already has a list of coins he’s preparing to buy once the dust settles. To him, the panic is temporary, and the crash is nothing more than an emotional overreaction.
The market, however, looks less optimistic. Bitcoin has fallen to $104,000, its weakest level since June, with brief attempts to recover fading quickly. Trump’s comments that the proposed 100% China tariffs might not go into effect offered a momentary lift, but traders remain on edge.
Adding pressure are large-scale selloffs from longtime holders and miners, who have reportedly sent more than 51,000 BTC – worth over $5 billion – to exchanges over the past week, signaling intent to sell. At the same time, spot Bitcoin ETFs are seeing persistent redemptions, with roughly $536 million withdrawn in just one day.
Not everyone is convinced a recovery is near. Gold advocate and veteran Bitcoin skeptic Peter Schiff insists that the bear market has only begun, claiming the token’s decline of 34% versus gold proves that “digital gold” has failed. In his words, Bitcoin’s next chapter will be “brutal,” urging investors to “sell fool’s gold and buy the real thing.”
On the other side of the argument, Anthony Pompliano countered that perspective by flipping the chart: when measured in Bitcoin, gold is down 84%. He reminded critics that BTC has surged 15,000% since 2020, calling it the ultimate safe-haven of the digital era – one that temporarily wobbles but never truly breaks.
While markets debate who’s right, Hayes’s contrarian playbook remains unchanged. Every crash, he argues, is just another transfer of wealth from the fearful to the patient. Whether this dip proves to be a generational buying moment or another trap, one thing is clear – Hayes isn’t waiting for calm skies to start shopping.
