Bitcoin’s recent volatility has triggered plenty of uncertainty in the market — but for Arthur Hayes, it’s only strengthening a long-term conviction.
Key Takeaways:
- Arthur Hayes believes Bitcoin’s strongest rally is still ahead, not behind.
- He says renewed quantitative easing could drive BTC toward $500,000 next year.
- Hayes argues the November drop marked the final major correction of the cycle.
While many analysts debate whether the bull run is fading, the BitMEX co-founder is making the opposite claim: the biggest leg of the rally hasn’t even started yet.
Hayes’ view isn’t built on halving cycles or ETF inflows. His argument centers around macro policy — specifically the belief that the U.S. government is on track to unleash another wave of liquidity. Once quantitative easing returns, he says, Bitcoin’s price could leap to $500,000 before the end of next year.
Liquidity First, Elections Later
In Hayes’ framework, Bitcoin doesn’t peak when enthusiasm does — it peaks when the printing stops. That’s why he believes the market top might still be years away, potentially around the 2028 U.S. election, when political messaging could shift toward affordability and inflation relief. Until then, he expects the supply of money to continue expanding, and Bitcoin to absorb a large part of that excess liquidity.
Despite the sharp drop to $81,000 this November, Hayes sees no reason to revise his bullish stance. He maintains that the downturn was a liquidity shock rather than a structural failure and argues that the worst of the selling pressure is behind the market. In fact, he has repeatedly described the $80,000 region as the most probable cycle bottom.
The Political Domino Effect
An essential component of Hayes’ thesis is a looming transformation at the Federal Reserve. He forecasts that Donald Trump is set to take control of Fed policy next year — not by direct command, but through key appointments. The name at the center of that plan, according to Hayes, is Kevin Hassett, an outspoken supporter of rate cuts and monetary easing.
If Hassett becomes Fed Chair — a scenario Hayes believes has a 90% probability — he expects an immediate policy pivot toward QE. Combined with support from Treasury Secretary Scott Bessent and other rate-cut advocates already positioned on the Fed Board, Hayes sees an imminent environment where money printing will accelerate, not pause.
In that climate, he says, Bitcoin will behave differently than during previous crashes. Hayes claims that even if U.S. equities tumble, BTC will hold its ground — because liquidity will be flowing into scarce assets rather than out of them.
A Forecast With No Middle Ground
Hayes’ projection leaves very little room for neutrality. If QE returns, he expects Bitcoin to make an unprecedented leap to half a million dollars. If it doesn’t, the market would need a completely different model for understanding crypto valuations.
Either way, Hayes appears unmoved by fear, pullbacks, or skepticism. For him, the November dip was not a warning — it was the final clearance sale before the most aggressive phase of the bull market begins.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/why-arthur-hayes-thinks-btc-will-hit-500000-faster-than-anyone-expects/