Bitcoin Price Prediction: Hayes Sees $126,000 as Inevitable

Bitcoin's latest development comes from Arthur Hayes, co-founder of BitMEX, who claims that the cryptocurrency has already reached its cycle bottom at $60,000. He bases his prediction on his macroeconomic analysis, pointing out several factors driving global liquidity.

The key factors contributing to this trend include AI infrastructure spending, war-driven fiscal expansion, and central bank easing. Hayes notes that governments and technology firms are investing heavily in data centers, semiconductors, electricity infrastructure, and compute capacity. This, he argues, necessitates aggressive lending, credit expansion, and monetary easing.

Hayes also connects Bitcoin's bullish setup to rising geopolitical tensions. He believes that military spending, commodity stockpiling, and supply-chain disruptions are contributing to global inflationary pressures. As a result, nations may increasingly prioritize hard assets and strategic resources over traditional sovereign debt holdings.