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

Arthur Hayes stated that investors should be prepared to buy Bitcoin, predicting it will perform well in the coming years. He believes that if the U.S. continues to expand its money supply, Bitcoin's price could ultimately rise to $250,000. Bitcoin has gained about 20% since mid-August, adding approximately $300 billion to its total market capitalization within hours. Scott Bessent previously pledged support for the bond market, and this week the Treasury was reportedly likely to use nearly $1 trillion from its General Account to fund bond purchases. Xapo Bank investment manager Gadi Chait noted that Bitcoin rose about 23% last week, marking its largest 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.