Bitcoin Has Bottomed, Now The Road To $1 Million Begins, Says Arthur Hayes

In an interview, Arthur Hayes—co-founder of the pioneering crypto derivatives exchange BitMEX—laid out his outlook for Bitcoin, predicting a momentous rally fueled by what he describes as “stealth printing” by global central banks. While Hayes has long stressed the crucial role of liquidity in driving the Bitcoin price, his latest remarks go even further, suggesting a new phase of expansion is imminent.

Bitcoin’s 4-Year Cycle Is History

Hayes believes that Bitcoin’s original four-year “halving cycle” framework has been overshadowed by the asset’s ascent into mainstream financial consciousness. According to him, early on, Bitcoin’s market dynamics were more closely tied to mining profitability cycles.

However, those days appear largely gone: “Now that Bitcoin and crypto are a bona fide asset class…everyone’s responding to it,” Hayes said.

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