Arthur Hayes Says Money Printing Isn’t Over, and Neither Is Bitcoin’s (BTC) Rally

Bitcoin briefly climbed $116K on Monday before retracing its steps back near $115K. But Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, says investors should stop obsessing over BTC’s short-term price movements and instead focus on the broader forces that he believes will drive the cryptocurrency to record ￰0￱ Flood Ahead? In a recent interview with Kyle Chassé, Hayes dismissed the popular notion of a rigid four-year cycle in Bitcoin’s price, and instead argued that macroeconomic liquidity will dictate the next leg of the bull ￰1￱ pointed to governments across the world – from the Federal Reserve to the European Central Bank – as being far from done with aggressive monetary ￰2￱ speaking to Chassé, Hayes said that policymakers will continue to print money and pursue fiscal stimulus as tools to manage political and economic instability, particularly as geopolitical tensions rise and the unipolar world order ￰3￱ also said that politics in the United States could add fuel to this trend, as major spending programs are expected in President Donald Trump’s second term, especially from mid-2026 ￰4￱ policies, according to Hayes, will provide fertile ground for both equities and cryptocurrencies, and position Bitcoin as the “faster horse” compared to traditional ￰5￱ frustrations from new Bitcoin buyers asking why the asset hasn’t yet reached $150,000, the BitMEX co-founder said the expectation of instant riches is ￰6￱ even compared Bitcoin’s long-term performance against stocks, real estate, and even gold, and explained that while US equities may be up in dollar terms, they have not recovered when measured against gold since the 2008 financial crisis, and when compared against Bitcoin, they hardly register. $250K Target Still Intact For Hayes, the real advantage lies in compounding outperformance over years rather than speculative short-term ￰7￱ projected that Bitcoin could still climb to record highs, reiterating a previous forecast of $250,000 in ￰8￱ he acknowledged risks may eventually emerge as liquidity peaks, Hayes maintained that the market is still far from the blow-off ￰9￱ Maelstrom exec went on to say that patience is crucial to benefiting from Bitcoin’s role as the ultimate hedge against currency debasement.