Government Money Printing, According to Arthur Hayes, Will Cause Bitcoin to Blow Off by 2027

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Last Updated on December 31, 2023 by Bitfinsider

According to BitMEX founder Arthur Hayes, careless money creation has probably already started to propel Bitcoin (BTC) into yet another bull market.

Despite an official posture of tight monetary policy and somewhat higher rates, the global financial sector has been highly hospitable to Bitcoin, according to a recent discussion with Laura Shin on the Unchained podcast.

According to Hayes, Bitcoin is probably entering a new bull market that will eventually result in a blow-off peak before 2027. “We’re starting to see the price of Bitcoin react positively since the FTX debacle in November of last year.Bitcoin went from $16,000 to $45,000… And all the while, the banks are supposedly not printing, but they are printing money. If you actually look at how much money is going into the banking system or interest payments on government debt, it’s very stimulative, and that’s what Bitcoin is telling us,” he said.

Hayes further stated: “And now, and I guess tech stocks, the magnificent seven in the United States, those tech stocks are on a tear because liquidity is there for the right type of thing. So I think 2024 is going to set up to be a choppy period where it’s time to accumulate before you get the blow-off top in 2025 into 2027. That’s really how I’m approaching the world right now.”

Chief investment officer of Maelstrom, an early-stage investment fund, Hayes, has stated that indications of a rate drop by the Federal Reserve are very encouraging for Bitcoin and other cryptocurrencies.

“At this point, there is no excuse not to be long crypto. How many more times must they tell you that the fiat in your pocket is a filthy piece of trash? Believe in the Lord, and he shall set you free. BTC = $1 million,” he added.

At time of writing, Bitcoin is trading for $42,501.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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