Arthur Hayes is positioning for turbulence.
By Maxime Laurent · 2026-02-23 13:25
Arthur Hayes is positioning for turbulence.
Hard assets, war stocks, $BTC — and even selling crypto at a loss.
When Arthur Hayes shows his portfolio, I pay attention. Not because he’s always right — but because he thinks in macro cycles.
Here’s what he’s holding:
Equities:
– Gold, silver, copper exposure
– Uranium miners
– Oil majors
– Defense companies
– Latin American energy plays
Crypto:
– $BTC
– $ETH
– ZEC
– HYPE
Plus physical gold.
This is not a “risk-on bull market” portfolio.
This is a world-on-edge portfolio.
Gold and silver? Inflation hedge.
Copper? Industrial demand + electrification.
Uranium and oil? Energy security.
Defense stocks? Geopolitical tension hedge.
LatAm energy? Resource leverage + currency dynamics.
And then crypto — but selectively.
The interesting part? He’s reportedly been selling some crypto at a loss recently.
That tells you something.
Even long-term crypto believers rebalance when macro clouds gather. Hayes has always been vocal about liquidity cycles. If he senses tightening global conditions or escalating geopolitical risk, rotating into hard assets makes sense in his framework.
Notice the theme:
Scarcity.
Energy.
War-readiness.
Inflation protection.
This is late-cycle macro hedging.
From my terrace in the south of France, watching the news flow get heavier by the week, I can’t ignore the vibe shift.
Crypto used to be the rebellion against the system.
Now even crypto OGs are building portfolios that assume the system might wobble.
But he still holds $BTC and $ETH.
That’s important.
Because even in a world hedged with gold and uranium, digital scarcity still has a seat at the table.
Ça sent la prudence stratégique. 🔥🌍
#Crypto #Bitcoin #Ethereum #ArthurHayes #Macro #Investing
Hard assets, war stocks, $BTC — and even selling crypto at a loss.
When Arthur Hayes shows his portfolio, I pay attention. Not because he’s always right — but because he thinks in macro cycles.
Here’s what he’s holding:
Equities:
– Gold, silver, copper exposure
– Uranium miners
– Oil majors
– Defense companies
– Latin American energy plays
Crypto:
– $BTC
– $ETH
– ZEC
– HYPE
Plus physical gold.
This is not a “risk-on bull market” portfolio.
This is a world-on-edge portfolio.
Gold and silver? Inflation hedge.
Copper? Industrial demand + electrification.
Uranium and oil? Energy security.
Defense stocks? Geopolitical tension hedge.
LatAm energy? Resource leverage + currency dynamics.
And then crypto — but selectively.
The interesting part? He’s reportedly been selling some crypto at a loss recently.
That tells you something.
Even long-term crypto believers rebalance when macro clouds gather. Hayes has always been vocal about liquidity cycles. If he senses tightening global conditions or escalating geopolitical risk, rotating into hard assets makes sense in his framework.
Notice the theme:
Scarcity.
Energy.
War-readiness.
Inflation protection.
This is late-cycle macro hedging.
From my terrace in the south of France, watching the news flow get heavier by the week, I can’t ignore the vibe shift.
Crypto used to be the rebellion against the system.
Now even crypto OGs are building portfolios that assume the system might wobble.
But he still holds $BTC and $ETH.
That’s important.
Because even in a world hedged with gold and uranium, digital scarcity still has a seat at the table.
Ça sent la prudence stratégique. 🔥🌍
#Crypto #Bitcoin #Ethereum #ArthurHayes #Macro #Investing
Disclaimer: This content is for informational purposes only and not financial advice.