Arthur Hayes says that printing money is not over yet, and neither is Bitcoin’s (BTC) rally

Bitcoin climbed short $ 116k on Monday before he returned his steps near $ 115k.

But Arthur Hayes, co-founder of Bitmex and CIO of Maalstrom, says that investors should stop being obsessed with the price movements of BTC and instead concentrate on the wider forces that he thinks will encourage the cryptocurrency to register levels.

Liquidity flourishes?

In a recent interview with Kyle Chassé, Hayes rejected The popular idea of ​​a rigid four-year cycle in the price of Bitcoin, and argued instead that macro-economic liquidity will dictate the next part of the bullmarkt. He pointed out governments around the world – from the Federal Reserve to the European Central Bank – as far from done with aggressive monetary expansion.

While he spoke with Chassé, Hayes said that policy makers will continue to print money and continue tax stimulus as aids to manage political and economic instability, in particular as geopolitical tensions rise and the unipolar order blares. He also said that politics in the United States could add fuel to this trend, because large expenditure programs are expected in the second term from President Donald Trump, especially from mid -2026.

According to Hayes, such a policy will offer fruitful soil for both shares and cryptocurrencies, and Bitcoin and the “faster horse” position compared to traditional assets. Tackling frustrations of new Bitcoin buyers who ask why the Active has not yet achieved $ 150,000, said BitMex’s co-founder that the expectation of immediate resources is misplaced.

He even compared Bitcoin’s long -term performance against shares, real estate and even gold, and explained that although US shares can be in dollars, they have not been restored when they are measured against gold since the 2008 financial crisis, and hardly register compared to Bitcoin.

$ 250k still intact

For Hayes, the real advantage is in putting together outperformance instead of speculative bets in the short term. He projected that Bitcoin could still climb to record highlights and to repeat an earlier prediction of $ 250,000 in 2025.

Although he acknowledged that risks can ultimately arise as the liquidity peaks peak, Hayes claimed that the market is still far from the blow-off top. The Maelstrom -Exec continued to say that patience is crucial to take advantage of the role of Bitcoin as the ultimate hedge against currency debasia.