Arthur Hayes Resets His Portfolio: Explains Why He Sold All His Altcoins

BitMEX founder Arthur Hayes has announced that he sold all the altcoins in his portfolio due to increasing risks in the AI sector and changing liquidity balances.

Arthur Hayes, one of the most closely followed figures in the cryptocurrency world, made a major splash by announcing the liquidation of his altcoin positions. Updating his macroeconomic forecasts, Hayes stated that current financial liquidity is flowing entirely toward the artificial intelligence (AI) sector instead of Bitcoin. Expressing that this situation has placed unexpected pressure on crypto assets, the famous figure underwent a fundamental change in strategy.

The renowned analyst stated that he ended his investments in projects such as Hyperliquid (HYPE), Near Protocol (NEAR), and Worldcoin (WLD). According to Hayes, this AI-focused trade cycle has now reached its peak and has begun to bring serious risks with it. Expressing that he feels uneasy regarding cryptocurrencies, the analyst is concerned about the shifting direction of capital flows in the market.

Risks in the AI Sector and the Liquidity Problem

Hayes emphasized that he sees three fundamental obstacles facing the AI narrative. These were listed as uncertainty in energy prices, potential changes in U.S. policies, and the initial public offerings (IPOs) of giant companies like OpenAI and Anthropic soaking up the cash in the market. Hayes pointed out that these massive IPOs could drain billions of dollars in liquidity away from the cryptocurrency market.

The analyst argues that a sharp decline in the AI sector would not drive investors toward Bitcoin; on the contrary, the entire market would be negatively affected by this situation. Stating that crypto assets could suffer significant damage during this process, Hayes preferred to exit the market to minimize risks. Predicting that pressure on the Bitcoin price could increase, the expert believes that staying in cash is safer under current market conditions.