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BTC $81,240.23 +0.54%
ETH $2,311.54 -0.99%
BNB $662.82 +1.53%
XRP $1.46 +0.55%
SOL $96.62 +0.99%
TRX $0.3486 -0.40%
DOGE $0.1103 +0.57%
ADA $0.2778 -0.22%
BCH $445.60 -1.38%
LINK $10.49 -0.74%
HYPE $41.29 -1.85%
AAVE $100.20 -0.16%
SUI $1.28 +0.59%
XLM $0.1666 +0.02%
ZEC $558.16 -3.22%

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Arthur Hayes: The Bitcoin bull market started at the end of February, and if it breaks through $90,000, the momentum will accelerate

BitMEX co-founder Arthur Hayes stated in his latest blog post that the Bitcoin bull market truly began with the outbreak of war between the U.S. and Iran on February 28. AI capital expenditures, war spending, and countries' investments in physical infrastructure to ensure supply chain security will drive the reckless expansion of fiat credit, and Bitcoin will continue to benefit.Hayes pointed out that Bitcoin has rebounded from a low of $60,000 earlier this year, reiterating that breaking through the previous high of $126,000 is "inevitable." Hayes believes that the scale of this round of AI capital expenditures is unprecedented, with central banks like the Federal Reserve printing more money. The declining trust in dollar assets will shift towards investments in physical infrastructure and commodity reserves, further driving fiat expansion.He expects that once Bitcoin breaks through $90,000, the momentum will accelerate, and he will raise the risk exposure of Maelstrom's portfolio to the maximum. Besides Hyperliquid and Zcash, Hayes' next most favored altcoin is NEAR, which he will explain in subsequent articles regarding how its privacy narrative and Intent architecture create positive cash flow for the protocol. He concluded by stating that while it is currently a bull market, there will eventually be a time to sell, but that time is not now.
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