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

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

Bitcoin has risen about 20% since mid-August, adding $300 billion to its total market capitalization within hours. Scott Bessent previously pledged to support the bond market, and this week it was suggested that the Treasury may tap nearly $1 trillion from its General Account to fund bond purchases.

Gadi Chait, an investment manager at Xapo Bank, said Bitcoin rose approximately 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, and record short liquidations further fueled the rally. (Forbes Digital Assets)