Bitcoin price could hit $750K to $1M by 2026 — Arthur Hayes
Love him or hate him, when Arthur Hayes speaks, people listen.
Last week, as a guest on Impact Theory with Tom Bilyeu, Hayes made the case for why he believes Bitcoin (BTC) price will hit $750,000 to $1 million by 2026.
Hayes said,
Hayes cites the nearly-predictable response of the United States government rushing in to intervene in every economic crisis with a bail out as a key catalyst behind the structural problems in the US economy.
He explained that this essentially creates an endless cycle of central bank printing, which leads to inflation and prevents the economy from going through natural market cycles of growth and correction.
Let’s take a quick look at a few of the catalysts that Hayes believes will back Bitcoin’s move into six-figure territory.
According to Hayes, mounting government debt, a large amount that needs to be rolled over, and diminishing productivity can only be addressed with money printing. While monetary expansion does lead to bull markets, the consequence tends to be high inflation.
Hayes expects a “massive top” at some point in 2026, followed by a great depression-like situation occurring by the end of the decade.
When asked about future contributors to inflation, Hayes zoned in on the $7.75 trillion in US debt that must be rolled over by 2026 and the yield curve inversion in US bonds.
Traditionally China, Japan and other nations were the main buyers of US debt but this is not the case anymore, a change which Hayes believes will exacerbate the situation in the states.
Why do I love these markets right now when yields are screaming higher?
Bank models have no concept of a bear steepener occurring. Take a look at the top right quadrant of historical interest rate regimes.
It's basically empty.
