- Hayes predicts global asset rally could last until 2026.
- Bitcoin remains a strong hedge against inflation, says Arthur Hayes.
- Bitcoin holders urged to stay patient, avoid chasing quick wins.
Arthur Hayes, co-founder of BitMEX, has shared his outlook on the global asset rally, predicting it could continue into 2026. In an interview with Kyle Chasse, Hayes pointed out that the economic stimulus plans that President Donald Trump could implement are major contributors to this extended rally.
He noted that political leaders tend to postpone critical economic policy reform until they feel the pressure, which implies that monetary growth on a large scale has not started in full. Hayes feels that this continued monetary growth will benefit assets worldwide over a number of years.
In spite of this rally, Hayes warned Bitcoin holders against making an easy, quick buck. He recommended they not compare Bitcoin’s short-term movements with traditional investments such as gold or stocks but with long-term returns. Hayes argues that liquidation could end up falling on the get-rich-quick crowd, and Bitcoin enthusiasts need to wait.
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Bitcoin’s Role as a Hedge Against Inflation
Hayes also discussed Bitcoin’s continued strength as a hedge against inflation. He rejected narrow arguments that compare Bitcoin’s market share against global M2 money supply, instead highlighting Bitcoin’s proven track record as a safeguard against currency debasement.
While other assets like the S&P 500 have gained in dollar terms, they have lagged when measured in gold since 2008. Similarly, U.S. housing prices, adjusted by gold, remain depressed. Bitcoin, on the contrary, has continued to outshine these assets, and this has strengthened its standing as a powerful substitute in the face of inflation.
Currently, the market value of Bitcoin is stable, and the cryptocurrency is trading at around $115,892.57, which is a minor increment of 0.49% on the day. It has a market capitalization of up to $2.3 trillion due to the continued purchasing momentum. Nonetheless, the trading operation has declined, and the volume of trade has gone down by 3.71% to $49.17 billion. This notwithstanding, the liquidity has been maintained at stability, meaning that there is a consistent demand for Bitcoin in the market.
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