BitMEX co-founder Arthur Hayes predicts a multi-year crypto bull run. He expects the cycle to last until 2027-2028, driven primarily by global money printing and high liquidity.
Arthur Hayes, co-founder of BitMEX, has made a bold prediction for the cryptocurrency market. He thinks the industry is in a long-term bull run. This cycle is fueled by the period of global money printing.
Hayes outlined his opinions during an interview with Coin Bureau. He argued that politicians throughout the world are following policies of “spend without tax hikes.” As a result, they inflate the economy by expanding credit and printing money.
With global liquidity likely to remain high, Hayes expects the current bull run in crypto to continue. He suggests that it could last until 2027 – 2028. Therefore, he sees a long period of store growth.
Related Reading: Crypto News: Zcash Surges to $10.3B Market Cap, Becomes Hayes’ Second-Largest Holding | Live Bitcoin News
Hayes wrote that the Bitcoin halving event is losing its negotiation power. Instead, he believes global liquidity and inflation are the main drivers behind the market. He anticipates there is a “blow-off top” coming eventually.
However, he is still very bullish about the long-term prospects of Bitcoin. His central thesis revolves around the idea that governments are going to increase the money supply. This is to cope with massive debt, especially in the U.S.
This monetary expansion will drive investors to scarce assets. With its limited supply, Bitcoin is considered the best hedge. Therefore, it is expected to surpass traditional assets.
Hayes thinks the Federal Reserve is already printing money. This is what he calls “stealth quantitative easing.” This includes growing the balance sheet by institutions such as the Standing Repo Facility.
This is being done to “backstop” ballooning U.S. government debt. As a result, this provides more liquidity in the financial system. In addition, Hayes considers this to be the driving force behind higher crypto prices.
Hayes contends that Bitcoin is a superior way to hedge against the debasement of currencies. Further, he calls it a “faster horse” than traditional assets. He expects it to go on outperforming in the long run.
He discards the hard and fast four-year cycle linked to the halving of the number of Bitcoins. Instead, he thinks the current bull run may continue all the way to 2026 or even 2028. The continued expansion of the world money supply feeds this extension.
This suggests a departure from the traditional market pattern. Specifically, he feels the flood of liquidity is now more influential than the halving cycle.
Hayes has specific bullish price targets for 2025. Some reports have a target of $250,000 for Bitcoin by the end of the year. Additionally, he forecasted Ethereum to hit $10,000 or $20,000.
He has even floated a more extreme, long-term goal for Bitcoin. He suggests $3.4 million by 2028. This is based on scenarios of more aggressive money printing.
In conclusion, Arthur Hayes’ prediction emphasizes the inevitability of global monetary expansion. He believes that this will lead to investors to scarce digital assets. Therefore, he expects a multi-year crypto bull run that will last until at least 2027, and fundamentally alter the dynamics of the crypto market cycle.
Read more on Live Bitcoin News
