Arthur Hayes, co-founder of BitMEX, has made one of his boldest predictions yet, putting Hyperliquid’s HYPE Token on a path to possibly reaching $5,000.
In a podcast interview with Kyle Chasse, he linked this prediction to the explosive expansion of the stablecoin market. He argued that the total supply could surpass $10 trillion, fueling a surge in speculative trading.
How HYPE Price Can Hit $5,000
Such conditions will encourage retail investors to seek large returns through leverage, driving demand for platforms that cater to high-risk trading, according to Hayes.
“I don’t have enough money to do the things that I want to do. But there’s a leveraged trading place where if I pick the right, you know, coin or I pick the right meme stock in the US stock market, you know, I can buy a car, I can pay off my student loans for that worthless degree that I got,” he joked .
In his view, this risk-on environment—as Capital flows into high-yielding assets—will drive demand for platforms like Hyperliquid. This, in turn, will benefit Hyperliquid’s HYPE Token as market liquidation expands and platform adoption soars.
“This is the system that the leaders have chosen to create—and the people are following it. I will own the casino where the common people will gamble,” Hayes declared.
Hayes' comments build on earlier comments in Tokyo, where he suggested that HYPE could increase 126-fold in three years.
That prediction now carries even more weight as Hyperliquid establishes itself as one of the most influential decentralized exchanges in the crypto space.
Unlike its competitors, the platform operates entirely on its own blockchain and focuses on perpetual Futures Contract , allowing traders to speculate without an expiration date.
That design choice has translated into significant growth. Hyperliquid now accounts for more than 60% of the perpetual Futures Contract market. Its volume has surpassed Robinhood and eroded Binance ’s dominance.
Furthermore, the platform’s financial performance is equally impressive. Research firm ASXN reports that Hyperliquid will generate $1.2 billion in net income in 2024, surpassing NASDAQ’s $1.13 billion.
Hyperliquid vs. NASDAQ net income. Source: ASXNThis comparison highlights the scale of its growth, especially since Hyperliquid operates with a workforce more than 800 times smaller.
Importantly for Token holders, 98% of the exchange’s revenue is spent on buying back HYPE. This constant buying pressure has supported the Token’s performance, which recently reached an All-Time-High above $57 .
