Arthur Hayes: Bitcoin Narrative Shifts to "Wartime Inflation," Target Price at $125,000
2026-04-28 01:45
Odaily Odaily reports that BitMEX co-founder Arthur Hayes stated at the "Bitcoin 2026" conference that the Bitcoin market narrative is shifting from "AI deflation" to "wartime inflation," and reiterated his bullish stance on Bitcoin, with a target price of $125,000.
Hayes believes that the US-Iran war is driving expectations of inflation and credit expansion, while improved liquidity in the banking system will offset the credit contraction triggered by AI. He also noted that his liquidity indicator bottomed out in November last year and has moved in sync with Bitcoin's price trend.
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