Arthur Hayes, a prominent Black cryptocurrency influencer, has remained bullish on the prospects of Bitcoin despite an earlier crash.
“As the four-year anniversary of this fourth cycle is upon us, traders wish to apply the historical pattern and forecast an end to this bull run,” Hayes noted in an Oct. 9 essay, arguing that the market’s bull, or boom, market would continue.
As it relates to the Maelstrom deals, Maelstrom co-founder and managing partner Akshat Vaidya, told the outlet that this strategy avoids the pitfalls of artificially inflated valuations that are sometimes associated with speculative tokens by focusing on actual cash flow and not tokens.
“These kinds of businesses are a lot easier to acquire. You can’t artificially inflate valuations with an unused token,” Vaidya noted.
Gold is eating Bitcoin’s lunch. Bitcoin is now down 32% priced in gold since its August high. This Bitcoin bear market will be brutal. HODLers, sell your fool’s gold now and buy the real thing, or have fun going broke.— Peter Schiff (@PeterSchiff) October 16, 2025
However, in contrast to Hayes’ rosy outlook on the future prospects of Bitcoin, noted Bitcoin skeptic Peter Schiff recently warned on X that a “brutal” bear market for Bitcoin is approaching and he also indicated that he believes that Bitcoin has, thus far, been a failure as both a replacement for the dollar and a form of digital gold, warning Bitcoin holders not to ignore reality in hopes of sustained profitability. It is no wonder then, that Maelstrom’s leaders seek to avoid tying their venture to the whims of speculative tokens.
As they note, “Surveys show that Black consumers are more likely than white consumers to own cryptocurrencies…Unlike white consumers, Black consumers are in fact more likely to own cryptocurrencies than assets such as stocks and mutual funds.”
This, they assert, is worrying for a number of reasons, chief among them, volatility and the lack of an equivalent to an FDIC backing. Despite the backing of crypto assets by Black celebrities, “Cryptocurrencies are highly speculative, volatile, unregulated, and not backed by a government. As a result, they are vulnerable to scams and wide fluctuations in price with little to no recourse for crypto owners.”
Source: Black Enterprise
