Arthur Hayes: Prepare to Buy Bitcoin, Sustained Monetary Expansion Could Push It to $250,000

Odaily Planet Daily News: Arthur Hayes stated that investors should prepare to buy Bitcoin and expects Bitcoin to perform well over the next few years. He believes that if the U.S. continues to expand its money supply, Bitcoin's price could eventually rise to $250,000.

Bitcoin has risen about 20% since mid-August, boosting its total market cap by $300 billion within hours. Scott Bessent previously pledged to support the bond market, and this week the Treasury was reported to potentially use nearly $1 trillion from its General Account to fund bond purchases.

Gadi Chait, investment manager at Xapo Bank, said Bitcoin rose about 23% last week, marking its biggest weekly gain since March 2023; during the same period, U.S. spot Bitcoin ETFs saw net inflows of about $1.9 billion, with record short liquidations further fueling the rally. (Forbes Digital Assets)