Arthur Hayes, the co-founder of BitMEX, has recently sparked new Bitcoin optimism, warning on X (formerly Twitter) that this may be the last chance to buy $BTC below $100,000. Notably, following his post, the crypto has jumped over 7% to trade around $94,000.
Hayes Explains the “Last Chance”
Following the tweet, the BitMEX co-founder published an essay that explains his stance. The essay argues that U.S. Treasury buybacks, which he refers to as the “BBC Bazooka,” have already marked Bitcoin’s cycle low at around $74,50. Hence, making any purchase below $100,000 is potentially the cheapest entry point of the bull run.
Hayes compares President Trump’s April 2 tariff announcement to a skier deliberately “cutting” a slope to test its stability—an action that almost sent global markets tumbling like an avalanche. He says that policymakers quickly changed course, stepping in to calm the bond market’s shake-up and prevent a wider crash.
He further explained that the Treasury then borrowed fresh funds by issuing new bonds and used that money to buy back older, less-traded Treasuries, putting more dollars into circulation. It narrowed the price gap between on-the-run and off-the-run debt, allowing hedge funds to borrow more against their holdings, which in turn helped Bitcoin recover from its slump.
Hayes is not Alone
Jamie Coutts of Real Vision predicts that continued expansion of the U.S. money supply and anticipated further buybacks could propel Bitcoin above $130,000 later this year. Matrixport CEO John Ge highlighted that BTC being below six figures marks a rare buying opportunity ahead of what his firm forecasts could be a climb to $160,000 in 2025.
Robert Kiyosaki had also pledged to keep buying BTC, even predicting it to hit $350,000. Interestingly, the return of the “digital gold” narrative, fueled by gold’s record prices and Bitcoin’s institutional inflows, adds weight to the argument that BTC below a six-figure price may never look this attractive again.
Meanwhile, the U.S. spot Bitcoin exchange-traded funds have attracted nearly $1 billion in fresh inflows, a surge of institutional demand that has coincided with Bitcoin’s price climbing to around $94,000. The influx of capital into products like the Grayscale spot Bitcoin ETF and those from BlackRock and Fidelity reveals the growing confidence among large investors.
