CoinDesk Podcast Network Arthur Hayes: 'Hyperliquid is Facing its Gentrification Moment' | Markets Outlook
Sep 23, 2025
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer at Maelstrom, shares his insights from Korea Blockchain Week. He explains why South Korea is a crypto hotspot, highlighting its educated retail market and intense trading culture. Arthur also predicts Bitcoin could soar to $250K by year-end, linking it to U.S. policy changes. He candidly discusses his recent decision to exit a significant HYPE position due to competitive risks and market pressures, offering a glimpse into his investment strategies.
AI Snips
Chapters
Transcript
Episode notes
Seoul As Crypto Epicenter
- Seoul is the most active crypto trading market per country and per capita, driven by intense retail engagement.
- Arthur Hayes has visited Korea for crypto since 2014 and views the region as central to global trading activity.
Education Fuels Retail Trading
- Korea's high education and limited elite job access push many into trading as an escape route from societal constraints.
- Crypto's flat ecosystem offers ambitious people a chance to break traditional barriers and achieve outsized gains.
Factor Political Incentives
- Expect TradFi actors to want crypto to perform well because it boosts their fees and government finances.
- Consider political incentives when forecasting crypto policy and market support under different administrations.