Arthur Hayes thinks that the Haussier market of the current crypto has still worked, supported by world monetary trends which he only considers in their first stages.
Speaking in a recent interview with Kyle Chassé, a longtime entrepreneur from Bitcoin and Web3, the co-founder of Bitmex and the current IOC of Maelstrom argued that governments around the world are far from finished with an aggressive monetary expansion.
He underlined the American policy in particular, saying that the second term of President Donald Trump has not yet completely triggered the expense programs that could arrive from mid-2026. Hayes suggested that if the expectations in terms of currency are extremely become extreme, he can consider making partial benefits, but for the moment, he sees the underestimated investors the extent of the liquidity which could flow in actions and the crypto.
Hayes attached his perspectives to broader geopolitical changes, including what he described as the erosion of a unipolar world order. In his opinion, such periods of instability tend to push decision -makers to the budgetary stimulation and the relaxation of the central bank as tools to keep citizens and calm markets.
It also raised the possibility of strains in Europe – even by suggesting that a French defect could destabilize the euro – like another factor likely to accelerate global printing presses. Although he recognized that these policies are likely to end badly, he argued that the top of the cycle was still in advance.
Turning to Bitcoin, Hayes rejected the worries that the assets stalled after reaching a record of $ 124,000 in mid-August.
He contrasted his performances with other asset classes, noting that if the American actions are higher in dollars, they have not been entirely recovered from gold since the 2008 financial crisis. Hayes stressed that real estate is also late when it is measured against gold, and only a handful of American technology giants have always surpass.
However, when he is measured against Bitcoin, he thinks that all traditional references seem weak.
Hayes’ message was that Bitcoin’s domination becomes even clearer once the assets are perceived through the objective of the currency.
For those who are frustrated that Bitcoin does not publish new heights every week, Hayes suggested that expectations were inappropriate.
In its account, investors in the traditional world and those of the crypto actually share the same premises: governments and central banks will print money whenever growth. Hayes says that traditional finance tends to express this point of view by buying obligations on leverage, while cryptographic investors hold Bitcoin as the “faster horse”.
His conclusion is that patience is essential. Hayes argued that the real advantage of Bitcoin maintenance comes from years of composition control rather than short -term speculation.
Coupled with what he considers an inevitable wave of money creation during the rest of the decade, he thinks that the current crypto cycle could extend well in 2026, far from being exhausted.
