
Crypto exchange BitMex co-founder Arthur Hayes said recently that Bitcoin's bull market cycle is already underway, and prices could reach $126,000 per token again on a fresh wave of dollar and yuan liquidity due to AI spending, wartime policies, and infrastructure rearmament. Bitcoin prices have surged beyond $80,000 per token in recent days and appear to be holding above that level during early Wednesday trading house.
Hayes, who is also the chief investment officer for Maelstrom, portrayed crypto's next leg higher as a macroeconomic liquidity trade instead of a narrow digital-asset story.