Arthur Hayes' Maelstrom Fund is entering 2026 with high risk.

Arthur Hayes' High Risk Strategy

Arthur Hayes' Maelstrom fund is preparing to enter 2026 with a 'nearly maximum risk' stance. The fund focuses on risky assets like Bitcoin and emerging Decentralized Finance (DeFi) tokens while minimizing exposure to stablecoins.

U.S. Fiscal Deficit and Liquidity Wave

Hayes predicts that a wave of liquidity supported by the U.S. fiscal deficit could potentially be triggered by money printing from the Federal Reserve. He believes this situation will support cryptocurrency prices.

Maelstrom's Performance and Future Expectations

While the Maelstrom fund's performance in 2025 yielded profits, it experienced a volatile course. Hayes now prefers to lean towards 'reliable' narratives supported by a broader liquidity environment.