Arthur Hayes forecasts $126k BTC amid AI-driven credit expansion and inflationary US-Iran tensions, favoring crypto over gold and tech.
Former BitMEX CEO Arthur Hayes projects Bitcoin to reach $126k, citing AI-driven capital expenditure and geopolitical tensions as key drivers. The AI race between the US and China demands indefinite credit expansion, while the US-Iran conflict fuels inflation through commodity stockpiling.
Hayes argues that the Federal Reserve and People’s Bank of China will maintain loose financial conditions, including USD swap lines and relaxed banking regulations. BTC’s sensitivity to fiat expansion positions it ahead of gold and tech sectors.
Preferred crypto assets include $HYPE, $ZEC, and $NEAR, with Hayes advocating for increased risk exposure in the current macro environment.