Bitcoin Bull Market Underway, Predicts Arthur Hayes

BitMEX co-founder Arthur Hayes has made headlines with his assertion that the Bitcoin bull market is already underway. According to Hayes, the surge in fiat-based credit expansion driven by massive investments in artificial intelligence infrastructure, rising military expenditures, and spending on physical supply chain security marks the beginning of a new era for Bitcoin.

The expansion of fiat credit is inevitable given the scale of government and corporate spending on AI, defense, and infrastructure, Hayes argued. This trend is expected to continue, with central banks injecting liquidity into the financial system at an unprecedented rate.

Hayes' bullish outlook also extends to other altcoins, particularly NEAR Protocol (NEAR), which he has expressed optimism about in previous comments. His price targets for Bitcoin remain ambitious, but they are grounded in observable trends and macroeconomic drivers.