Arthur Hayes on Bitcoin's Long-Term Outlook
Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, believes the current crypto bull market has significant room to grow, driven by ongoing global monetary trends. In a recent interview with Kyle Chassé, Hayes argued that governments worldwide are far from done with aggressive monetary expansion.
He specifically pointed to U.S. politics under President Donald Trump's second term, suggesting that spending programs expected from mid-2026 could unleash massive liquidity. Hayes noted that if money printing becomes extreme, he might consider taking partial profits, but for now, investors are underestimating the potential influx into equities and crypto.
Hayes tied his outlook to broader geopolitical shifts, including the erosion of a unipolar world order. He believes such instability often leads policymakers to use fiscal stimulus and central bank easing to calm markets and citizens. He also raised concerns about potential strains in Europe, such as a French default destabilizing the euro, which could accelerate global money printing.
Addressing concerns about Bitcoin's performance after it hit a record $124,000 in mid-August, Hayes emphasized that Bitcoin vastly outperforms other assets like stocks, real estate, and gold when adjusted for currency debasement. He argued that traditional benchmarks appear weak compared to Bitcoin, and its dominance is clearer through the lens of long-term value preservation.
Hayes urged patience from investors, stating that Bitcoin's real edge comes from years of compounding outperformance rather than short-term gains. He concluded that with inevitable money creation through the rest of the decade, the crypto cycle could extend well into 2026.
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