Arthur Hayes Sees Bitcoin’s Rise Driven by Fiscal Easing

In a recent blog post, Arthur Hayes, co-founder of BitMEX, outlined his perspective on the current market downturn for Bitcoin. He attributes the dip below $90,000 largely to decreased U.S. dollar liquidity rather than fundamental issues. Hayes suggests that the dwindling effects of ETF arbitrage and digital asset treasuries (DAT) have intensified selling pressure, potentially pushing Bitcoin’s price down towards the $80,000–$85,000 range. However, he predicts a surge in Bitcoin’s value to reach between $200,000 and $250,000 by year-end if the U.S. experiences an increase in money supply due to potential stock market correction.