Hayes Calls Saylor's BTC Sales Strategy 'Jedi Mind Tricks'

Arthur Hayes, co-founder of BitMEX, has accused Michael Saylor, chairman of Strategy (MSTR), of using 'Jedi mind tricks' to create uncertainty about whether the company will sell more Bitcoin (BTC).

The recent test sale of 32 BTC for around $2.5 million raised suspicions that Strategy might need to sell more Bitcoin to meet dividend or bond payments, despite Saylor's earlier claims that the company would not sell its BTC holdings.

Hayes also blamed the current AI bubble for pulling liquidity out of crypto and causing a slump in Bitcoin prices, rather than Strategy's sales. He predicted the AI bubble will burst within 'zero to two years', but expressed skepticism about shorting AI investments.

Additionally, Hayes questioned new Federal Reserve Chair Kevin Warsh's hawkish stance, suggesting that his five task forces are merely a stalling tactic to maintain an illusion of being dovish on monetary policy.