Arthur Hayes, former CEO of BitMEX, has outlined three major factors he believes could push Bitcoin to new all-time highs. His analysis connects regulatory progress in the United States with a shifting global risk outlook that may signal renewed momentum for digital assets.
According to Hayes, one of the most impactful developments is the ongoing effort to exempt stablecoin reserves from the Supplementary Leverage Ratio (SLR). This is the rule that is curtailing the amount of capital that banks can be using in some of the assets and that includes stablecoins secured by U.S. Treasuries.
In case the lawmakers manage to exclude such assets in the SLR calculation, banks may wind up with more stablecoins without the increase in the capital requirements. This would present an opportunity to have more institutional liquidity in the crypto sector.
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The other major catalyst as accredited by Hayes is the U.S. Senate Genius Act. New regulations formally legitimize the use of legal stablecoins collateralized with the dollar and outline specific requirements for reserve management and public disclosures.
Within the framework of the law, stablecoins larger than $10 billion can be introduced by the biggest banks, whereas smaller ones may enter operation under the supervision of states. Hayes believes that this will be a pivot by which the stablecoin industry will be provided with transparency and regulatory confidence.
Regulatory Clarity and Market Sentiment Could Trigger Massive Bitcoin Upside
He argues that this regulatory clarity will boost investor confidence and accelerate the adoption of digital assets across the financial system. Institutional players, once cautious about unclear rules, now have a path to enter the crypto market through stablecoin products that meet federal guidelines.
Along with the regulation, Hayes discussed the existing situation on the contemporary global politics. He cited what he termed a politically orchestrated quiet of U.S. President Donald Trump, Israeli Prime Minister Benjamin Netanyahu and Iranian Supreme Leader Ali Khamenei.
Though there are still tensions that are not addressed, these leaders have posed a calm demeanor in front of their people. Hayes opines that such will amount to a cooling-off period that will be viewed by world investors as an indicator to jump back into risk assets such as Bitcoin.
When all of these three fronts are combined, an argument of a price surge in the market of Bitcoin is opined by Hayes. He claims the infrastructure and the mood are now coming together to create a big rally.
Hayes’ view suggests that Bitcoin may be on the verge of breaking past previous price ceilings. As regulation evolves and market conditions shift, all eyes are now on whether institutional capital will follow the signals he has identified.
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