Arthur Hayes: “I Wouldn’t Buy Bitcoin Even If I Had Just $1 Right Now”
Arthur Hayes recently shared a strong opinion about the current crypto market. He said that even if he had only $1 today, he still would not buy Bitcoin right now.
His reasoning is simple: global liquidity is not ready yet.
Hayes closely follows an indicator known as net global liquidity, which measures how much money central banks and governments are injecting into the financial system. According to him, the next major Bitcoin rally will not be driven by hype or technical charts. It will likely begin when liquidity in the global economy starts expanding again.
At the moment, he believes financial conditions are still tight:
• Interest rates remain relatively high
• Central banks have not fully shifted to aggressive monetary easing
• Global liquidity expansion has not started in a strong way yet
Because of this, Hayes thinks buying Bitcoin at this stage may not be the best strategy. Instead, he prefers to wait until liquidity begins rising again, since historically that is when Bitcoin tends to move the fastest and most aggressively.
However, this does not mean he is bearish on Bitcoin in the long term. Hayes has repeatedly said that once liquidity returns to the market, Bitcoin could surge rapidly and potentially reach new cycle highs.