Arthur Hayes Predicted $250,000 Bitcoin. But Another Investor Says the Plan Behind It Is Already Failing

Arthur Hayes put a staggering price target on Bitcoin and staked a portfolio to prove it, but a rival investor says the exact policy move Hayes is counting on is already collapsing under bond market pressure.

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Bitcoin (CRYPTO:BTC) traded around $79,402 on Aug. 27. The coin is up nearly 22% over the past month and up more than 3% over the past week, yet still down more than 9% over one year from a start price of $111,788.01.

Into that chop, Arthur Hayes went on The Pomp Podcast and put a number on the table. “You’re going to look up and see Bitcoin at $250,000. Like what happened there wasn’t really a financial crisis,” he said, arguing the move happens purely because Washington, Tokyo, Beijing and Brussels keep printing. He backs it with a portfolio ten times heavier in Bitcoin than gold, plus positions in gold miners and Exxon Mobil (NYSE:XOM | XOM Price Prediction).

The catch: hours earlier, investor Peter Boockvar told CNBC the exact policy plumbing Hayes is trading on is already breaking. Boockvar said Treasury Secretary Scott Bessent cannot overpower the bond market with yield-curve moves. So can Bitcoin actually triple from here without a crisis?