Former BitMEX CEO Arthur Hayes attributed the rise of Bitcoin (BTC) as “the best performing asset in human history” to global monetary policies, particularly money printing, rather as well as regulatory changes.
Hayes shared his ideas during a September 30 appearance on The Big Whale, where he also explained how inflationary fiscal policies have played a central role in Bitcoin’s success.
Despite recent market volatility, Hayes maintains an optimistic view on Bitcoin, anticipating long-term price increases fueled by economic instability and political unrest around the world.
Monetary expansion leads to growth
Hayes predicted that US interest rates would fall below 2% by early 2025, driven by political unrest and ongoing debates over the debt ceiling. He suggested that continued monetary expansion would push more capital into cryptocurrencies.
Hayes highlighted the ripple effects of economic instability, stating:
“As we print more money to solve the problems of certain countries, at some point people will come to blows. »
Hayes maintained a bullish outlook, forecasting continued growth for Bitcoin and Ethereum despite recent market turmoil. He also alluded to projections that place the long-term price of Bitcoin at $586,500.
He reiterated his view that as central banks increase the money supply to address economic challenges, more investments are directed toward Bitcoin as a hedge against inflation and currency devaluation.
Hayes suggests that further monetary expansion, driven by political and economic instability, will continue to drive the value of Bitcoin higher. According to him, global monetary policy plays a more important role in the success of Bitcoin than regulatory developments.
Cautious but optimistic outlook
While Hayes continues to advocate for Bitcoin and Ethereum, he urged younger investors to exercise caution when it comes to leveraged trading and advised them to closely monitor their positions to avoid liquidation during times of high volatility.
In addition to his optimism for Bitcoin and Ethereum, Hayes has expressed interest in blockchain projects focused on artificial intelligence (AI). He indicated that these innovations could drive the next phase of blockchain growth, marking them as areas to watch in an evolving market.
Hayes further stated that he expects the current bull market to continue through 2026 or 2027, assuming no major geopolitical disruptions occur. He expressed skepticism, however, about the clarity of regulation that spurs institutional investment, noting that financial institutions will likely find ways to circumvent regulation if demand exists.
