{"id":37855,"date":"2026-03-11T17:00:30","date_gmt":"2026-03-11T17:00:30","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=37855"},"modified":"2026-03-11T17:00:30","modified_gmt":"2026-03-11T17:00:30","slug":"arthur-hayes-says-he-wouldnt-buy-bitcoin-yet-wait-for-this","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=37855","title":{"rendered":"Arthur Hayes Says He Wouldn\u2019t Buy Bitcoin Yet: Wait For This"},"content":{"rendered":"<p>Arthur Hayes is still structurally bullish on Bitcoin. He just does not think now is the moment to buy.<\/p>\n<p>Speaking on the Coin Stories <a href=\"https:\/\/www.youtube.com\/watch?v=Ny9P1l0WKwo\" target=\"_blank\" rel=\"noopener nofollow\">podcast<\/a> on March 10, the BitMEX co-founder and Maelstrom CIO said he would stay patient until a more familiar macro catalyst arrives: central bank liquidity. In Hayes\u2019 telling, a prolonged Iran war and the credit stress that could follow from <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/bitcoin-may-gain-if-ai-job-losses-trigger-bank-stress-hayes-says\/\" target=\"_blank\" rel=\"noopener \">AI-driven economic disruption<\/a> may ultimately force the Federal Reserve back into money printing, and that, rather than the conflict itself, is the signal he is waiting for.<\/p>\n<p>\u201cIf I had $1 to invest right now, would I be putting it into Bitcoin? No. I would wait,\u201d Hayes said near the end of the interview. \u201cI think that the longer that this conflict goes on, the higher the likelihood that the Fed has to print money to support the American war machine and that\u2019s when I\u2019m going to buy Bitcoin when the central banks <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/bitcoin-to-750k-arthur-hayes-drops-bombshell-prediction-amid-iran-war\/\" target=\"_blank\" rel=\"noopener \">start printing money<\/a>.\u201d<\/p>\n<p>That distinction mattered throughout the conversation. Hayes pushed back on the idea that war is automatically bullish for Bitcoin, arguing that the real transmission mechanism is liquidity expansion. \u201cIf you\u2019re saying, \u2018Okay, war is good for Bitcoin,\u2019 what you\u2019re really saying is war means money printing. Money printing is good for Bitcoin,\u201d he said. \u201cSo wait for the money printing. Don\u2019t try to time it because you could get it wrong.\u201d<\/p>\n<h2>Arthur Hayes Sees More Bitcoin Pain Ahead<\/h2>\n<p>The argument fits a broader framework Hayes laid out across the interview: Bitcoin is less a clean <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/bitcoin-set-to-gain-if-trump-wins-jpmorgan-cites-debasement-trade-as-key-factor\/\" target=\"_blank\" rel=\"noopener \">debasement trade<\/a> than a \u201cliquidity alarm,\u201d one that is already reacting to tightening conditions, credit stress and a lack of fresh dollar creation. He tied that view to the rise of AI, which he said could accelerate white-collar job losses, pressure private credit and banking exposures, and force markets to price in a much sharper economic break than many currently expect.<\/p>\n<p>\u201cI think it\u2019s going to happen faster than people think just because of the exponential nature of how fast AI is improving,\u201d Hayes said. \u201cIt only takes 10 to 20% [job displacement]. And then the leverage in the banking system will do the rest. At some point the market goes, \u2018Oh, this is worth zero.\u2019\u201d<\/p>\n<p>In that scenario, he said, the market\u2019s recognition of the problem could come well before the full economic damage is visible in the data. Regional banks, private credit and broader financial equities could reprice violently, with deposit flight and emergency Fed support following close behind. That is the moment Hayes sees as far more constructive for Bitcoin than the current backdrop.<\/p>\n<p>Still, his near-term caution did not extend to Bitcoin\u2019s long-run role. Hayes described himself as \u201cstructurally very very long\u201d crypto and argued that the case for non-state money is stronger now than it was at Bitcoin\u2019s launch. He also warned against shaping the industry around institutional preferences, saying crypto should not reduce itself to a more complicated version of traditional finance.<\/p>\n<p>\u201cBitcoin got from zero to whatever $66,000 whatever the price is today with no government support, unclear regulations, hostile banking infrastructure and regulators,\u201d Hayes said. \u201cSo why are we bending over backwards to try to gain acceptance from these folks who don\u2019t have our best interest at heart?\u201d<\/p>\n<p>He was equally dismissive of conspiracy-driven explanations for weak market performance, including claims that <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/bitcoin-manipulation-jane-street-ex-wall-street\/\" target=\"_blank\" rel=\"noopener \">market makers are deliberately suppressing Bitcoin\u2019s price.<\/a> More often, he said, losses come down to poor positioning, bad timing or leverage used by traders who are not equipped for crypto\u2019s pace.<\/p>\n<p>For investors frustrated that Bitcoin has not delivered instant life-changing returns, Hayes\u2019 answer was blunt: adjust expectations. \u201cThe market\u2019s job is not to make you money. The market\u2019s job is to take your money,\u201d he said, arguing that long-term compounding still matters far more than trying to force a six-month windfall.<\/p>\n<p>At press time, BTC traded at $69,538.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-886787\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/BTCUSDT_2026-03-11_11-39-38.png?resize=1024%2C502\" alt=\"Bitcoin price chart\" width=\"1024\" height=\"502\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Arthur Hayes is still structurally bullish on Bitcoin. He just does not think now is the moment to buy. Speaking on the Coin Stories podcast on March 10, the BitMEX co-founder and Maelstrom CIO said he would stay patient until a more familiar macro catalyst arrives: central bank liquidity. In Hayes\u2019 telling, a prolonged Iran [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37856,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-37855","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Arthur Hayes Says He Wouldn\u2019t Buy Bitcoin Yet: Wait For This - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=37855\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arthur Hayes Says He Wouldn\u2019t Buy Bitcoin Yet: Wait For This - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Arthur Hayes is still structurally bullish on Bitcoin. 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