Arthur Hayes "Bitcoin's fall to $80,000 is a buying opportunity"

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As Bitcoin (BTC) dipped below $80,000, market fear intensified, but Arthur Hayes and Davinci Jeremie characterized this decline not as a peak collapse but as a low-price buying opportunity.

BeInCrypto reported on May 13 (local time) that as Bitcoin's price fell below $80,000, former BitMEX CEO Hayes and early Bitcoin investor Jeremie advised investors to buy during the dip. The two viewed the sell-off as a correction due to macro pressures and forced shakeouts, emphasizing holding and buying rather than exiting the market.

Hayes argued that the surge in 10-year US Treasury yields would pressure US President Donald Trump to reach a trade agreement with China. He stated, “The surge in 10-year US Treasury yields will force Trump to make a deal with China. Otherwise, the wheels of the traditional financial markets will come off,” adding, “I am buying the dip here.” BeInCrypto reported that 10-year Treasury yields rose after the Consumer Price Index (CPI) and Producer Price Index (PPI) shocks, and tariff tensions between the US and China also coincided with Bitcoin’s decline.

According to BeInCrypto data, Bitcoin recorded $79,525, a 1.34% drop over 24 hours, and remained 37% below its all-time high of $126,080 in October 2025. Hayes had previously warned that Bitcoin could fall to $70,000 before recovering, but maintained his long-term outlook that it could recover to $250,000 if the Federal Reserve (Fed) shifts to quantitative easing.

Colin Basco, a quantitative strategist at Deribit Prime Trading, assessed $80,000 as a key turning point. He said, “If $80,000 turns from resistance to support, the bullish interpretation becomes much stronger.” Basco added that Exchange Traded Fund (ETF) capital flows must continue to absorb supply, not just appear during declines.

Jeremie viewed this decline not as a peak formation but as a shakeout. He mentioned seeing the same pattern five times since 2011, stating, “It’s not a decline, it’s a shakeout.” Jeremie was introduced as the person who said in a May 2013 YouTube video, “If you want to be rich in the future, buy $1 worth of Bitcoin and put it in your wallet.” At that time, Bitcoin was trading around $116, and since then, it has risen over 68,000%, growing a $1 investment to approximately $682, BeInCrypto reported.

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