BitMEX co-founder Arthur Hayes has publicly disclosed his current investment portfolio, revealing a strategic shift towards “hard assets” and specific cryptocurrencies as he prepares for a macro environment defined by persistent inflation and geopolitical volatility.
In a post shared on Monday, February 23, 2026, Hayes detailed a concentrated selection of just four digital assets, Bitcoin (BTC), Ethereum (ETH), Zcash (ZEC), and HYPE, alongside significant holdings in traditional commodities and defence stocks.
My portfolio right now.
Stonks – gold silver copper uranium miners, oil majors, merchants of death, LatAM energy names
Crypto – $BTC, $ETH, $ZEC, $HYPE
And physical gold.
Watchu got fam?
— Arthur Hayes (@CryptoHayes) February 23, 2026
The disclosure comes as Hayes, now Chief Investment Officer at the Maelstrom family office, advocates for a resource repricing thesis. His equity positions are heavily weighted towards physical resources, including gold, silver, and copper miners, uranium producers, and major oil companies.
Privacy and liquidity drive crypto selections
Despite the vast array of available altcoins, Hayes has narrowed his liquid crypto exposure to a few high-conviction plays. While Bitcoin remains the cornerstone of his portfolio as a hedge against central bank money printing, he has notably increased his focus on Zcash (ZEC). Hayes describes ZEC as his “privacy beta,” predicting that financial privacy will become a premium asset as global on-chain surveillance intensifies through 2026.
The macro-hedging strategy
This approach, combining high-growth tech like Ethereum with ancient assets like physical gold, reflects a departure from the speculative alt-season hunting common among retail traders. Hayes previously noted that the global trend toward Central Bank Digital Currencies (CBDCs) would eventually drive users toward decentralized privacy protocols.
At DeFi Planet, we have previously reported on how Hayes views Bitcoin’s divergence from the Nasdaq as a critical warning for global dollar liquidity. He argues that while AI-driven tech stocks remain buoyant, Bitcoin’s recent price action serves as a more accurate credit pulse for the global economy.
By balancing his portfolio with uranium and copper miners, Hayes is positioning himself for a resource-driven future where sovereign nations hoard hard assets to avoid asset seizures. This strategy aligns with his forecast of a market bottom in early 2026, eventually leading to a massive liquidity injection that could drive Bitcoin toward a 250,000-dollar target by the end of the current cycle.
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