BitMEX co-founder Arthur Hayes revealed that more than 90% of his personal wealth remains tied to Bitcoin. But surprisingly, he has no intention of buying any more now. But he also said markets could remain volatile due to global tensions and future money printing.
In addition to this, he has shown more interest in selective altcoins such as Zcash and Hyperliquid.
Arthur Hayes keeps 90% of his wealth in Bitcoin
In a recent interview with Anthony Pompliano, Arthur Hayes admitted that over 90% of his total net worth is currently held in Bitcoin.
Hayes didn’t hesitate when Pompliano asked him directly about his portfolio. he said clearly,
“I would say probably 90% of my net worth is in Bitcoin.”
Pompliano also asked what happens when prices fluctuate significantly.
he doesn’t say anything. The reason he doesn’t react is because he got into Bitcoin very early, has a very low cost base, and is unfazed by day-to-day price movements.
Hayes pointed out that such tranquility only comes if you play the game long enough to stop being afraid of the noise.
Hayes: “I won’t buy any more Bitcoin now”
Despite holding most of his assets in Bitcoin, Hayes made it clear today that he has no intention of putting any new money into it. His reason is simple. He is still waiting for what he calls a major “money printing” event, a key moment when central banks provide new liquidity to the market.
Until that happens, he doesn’t think jumping into Bitcoin with new capital is the wisest move.
Two altcoins that Hayes is most bullish on
Hayes is cautious about adding Bitcoin, but is actively monitoring the altcoin market for opportunities to move faster.
He said that out of all the altcoins available, Zcash and Hyperliquid are currently the most bullish altcoins.
In his view, these assets have more short-term upside potential than Bitcoin at current levels, making them attractive to deploy new capital in the short term.
Impact of US-Iran conflict on Bitcoin price
In addition to his view of the portfolio, Mr. Hayes also talked about the state of the global economy. He said tensions continue, including the situation between the United States and Iran.
He warned that funds could move into safe-haven assets such as gold, which could weigh on Bitcoin in the short term.
He added that Bitcoin could reach $80,000-$90,000 if central banks add more liquidity, but said it is not a strong, aggressive buy zone at the moment.
Bitcoin is currently trading around $75,000, up about 5% over the past week.
