Billionaire crypto entrepreneur Arthur Hayes says he believes Bitcoin’s price has reached a bottom.
In a series of posts on X, the BitMEX co-founder says he may start buying the top crypto asset soon, citing an increasingly positive macro liquidity landscape.
“Minor improvements in dollar liquidity: Federal Reserve stops quantitative tightening on December 1st.
This Wednesday will probably be the last fall in the balance sheet. US banks increased lending in November.”
Hayes believes the bottom for Bitcoin is already in.
“We chop below $90,000, maybe one more stab down into low $80,000’s, but I think $80,000 holds.
Might start nibbling, but leave the bazooka until the new year.”
As for 2026, Hayes tells David Lin that he believes a burst of money printing is incoming that will power Bitcoin, Ethereum and the altcoin market at large.
“I think that if the team red Republicans want to have any shot of winning the US midterm elections next November, forget about China, forget about trade war, it’s all about printing money and handing it out.
Whether that’s to build weapons to build rare earths, to supercharge AI – all the things that the Republicans like to fund. They’re going to print the money to make sure that happens and so that their constituency feels the love going into November and shows up at the ballot box.
And that’s what 2026 is all about. And now we have this awesome opportunity to get in before it’s crystal clear that they’re going to print a lot of money… This is a time now to deploy capital for an amazing 2026…
I know that money is being created. I know that Bitcoin has been the best performing asset in a fiat debasement race since 2009. Therefore, I don’t care where [the money] goes. All I care is that it get it gets created.
I don’t have to pick a stock. I just pick one thing. Bitcoin and I’m going to outperform most stocks. All right. Being a stock picker is very, very difficult…
I think Ethereum is going to continue this rally. You might not like the narrative, but [Tom Lee] is trying to put this narrative out there that Ethereum is the public blockchain for Tradfi that wants to get on chain.
I know that there are lots of banks looking at doing stable coin projects and other DeFi things within their businesses, and now they need to choose a public blockchain. I think that’s going to be Ethereum. And Ethereum is going to rip. I’ve got a $10 to $20,000 price target for the end of the cycle.”
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