Arthur Hayes believes that the current Crypto Bull Market should run, supported by global monetary trends, which he only sees as in their early stages.
In a recent conversation with Kyle Chassé, a long-time Bitcoin and Web3 entrepreneur, Bitmex co-founder and current Maelstrom Cio claimed that governments around the world are far from done with aggressive monetary expansion.
He pointed out especially to American politics and said that President Donald Trump’s second period has not yet released the spending programs that could arrive from mid -2026 onwards. Hayes suggested that if the expectations of cash printing become extreme, he may consider making partial profits, but for now he sees investors underestimate the extent of liquidity that can flow into stocks and crypto.
Hayes tied his prospects of wider geopolitical shifts, including what he described as the erosion of a unipolar world order. In his view, such periods of instability tend to push politicians against fiscal stimulus and central bank that facilitate the tools of keeping citizens and markets calm.
He also raised the possibility of stems in Europe – even suggested that a French standard could destabilize the euro – as another factor that is likely to accelerate global printing presses. While he acknowledged that these policies eventually risk ending poorly, he argued that the blow -out top of the cycle is still ahead.
As he turned to Bitcoin, Hayes pushed back on concern that the asset has stopped after reaching a record $ 124,000 in mid -August.
He contrasted its results with other asset classes and noted that although US equities are higher in dollars, they have not fully recovered from gold since the 2008 financial crisis. Hayes pointed out that real estate is also limping when measured against gold and only a handful of American technology giants have consistently surpassed.
However, when measured against Bitcoin, he believes that all traditional benchmarks appear weak.
Hayes’ message was that Bitcoin’s dominance becomes even clearer when assets are seen through the lens of currency -down bazing.
For those who are frustrated that Bitcoin does not lay fresh heights every week, Hayes suggested that expectations are incorrectly placed.
In his narrative, investors from the traditional world and those in crypto actually share the same prerequisite: Governments and central banks print money when growth breaks. Hayes says traditional funding tends to express this view by buying bonds on leverage, while Crypto Investors has Bitcoin as “faster horse.”
His conclusion is that patience is important. Hayes argued that the real edge of keeping Bitcoin comes from years of composition of better than short -term speculation.
Along with what he sees as an inevitable wave of money creation throughout the rest of the decade, he believes the current crypto cycle could extend well in 2026, far from exhausted.
