Arthur Hayes: Bitcoin may fall below $60,000 before surging to $250,000

According to Odaily, Arthur Hayes stated on the Coin Stories podcast that he would not invest his last dollar in Bitcoin at the moment, as the Federal Reserve has not yet been forced to expand liquidity. Arthur Hayes believes that tariff policies will lead to inflation and could prompt the United States to turn to capital controls, which would become a significant liquidity catalyst for Bitcoin.

Arthur Hayes maintains his long-term price target for Bitcoin in this cycle between $250,000 and $750,000 but warned that if the conflict between the United States and Iran continues, Bitcoin may temporarily fall below $60,000. In addition, Charles Schwab has confirmed that it will launch direct spot trading of Bitcoin and Ethereum through new accounts in the first half of 2026. According to research by Mercado Bitcoin, in the 60 days following major global shocks, Bitcoin has consistently outperformed gold and the S&P 500 Index. Currently, the price of Bitcoin has rebounded to around $67,300, while the Crypto Fear and Greed Index has remained in the extreme fear zone for several consecutive weeks.