Arthur Hayes Forecasts Crypto Bull Run as TGA Nears $850 Billion

Arthur Hayes predicts a long crypto bull run through 2026, fueled by U.S. Treasury liquidity returning and rising crypto market optimism.

The cryptocurrency sector may be on the verge of a bull run, according to recent statements by BitMEX co-founder Arthur Hayes. He has postulated that liquidity pressures related to cash management in the U.S government are likely to reduce soon and this will pave the way to further market expansion.

Hayes Predicts Long Bitcoin Bull Run Through 2026 Amid TGA Refill

On Friday, Hayes cited the increasing balance of the U.S. Treasury General Account (TGA) as one of the things to monitor. He noted that the TGA had already exceeded $807 billion and was in target of 850 billion as he had placed it. To him, the impending full completion of such liquidity drawdown may be the inception of a new bullish era of cryptocurrencies.

Related Reading: Arthur Hayes Predicts Bitcoin Bull Market Will Continue Until 2026 | Live Bitcoin News

He pointed out that the re-entry of liquidity into the financial system after the completion of the TGA refill could give an upward trend in the price of the digital assets. These statements were made by Hayes through social media, where he observed that the final outcome of the TGA refill might be only an upward movement.

As a background to explain this, TGA is a government account in the U.S. that is used to carry out federal cash balances. In cases where its balance escalates, the money is usually borrowed at the expense of the wider financial system. This causes a short-term decrease in the liquidity in the market. Nevertheless, when the target balance is attained, the effect tends to be opposite. Risk assets such as cryptocurrencies can enjoy better capital flows as liquidity returns.

Furthermore, Hayes pointed out that this anticipated rally could not be short-term. Elsewhere, he indicated that the ongoing Bitcoin bull run might last even until 2026. He urged investors not to panic and make emotionally-charged decisions especially those of traditional investments like stocks or gold.

Institutional Investors Follow Hayes’ Positive Outlook on Crypto Futures

He suggested that Bitcoin should be considered in a new perspective. Although stocks and precious metals recently hit record highs, Hayes said Bitcoin is moving in a different direction. He explained that short-term comparisons don’t matter much for Bitcoin. Instead, he sees its long-term value as a hedge against inflation and financial risk.

Hayes considers Bitcoin to be a good long-term asset. He encouraged market players not to rush to make profits, but to have a long-term economic perspective in mind.

Along with Bitcoin, Hayes also expressed his opinion on other digital assets. One of the projects with a high probability of high gains, he mentioned, was the HYPE token, which is tied to the Hyperliquid platform. He estimated that the token would be worth up to 126 times by 2028.

Moreover, Hayes is commonly known to have done a macroeconomic analysis and prediction in the market. His past projections, which were seen to be bold, have gained credibility in time. In consequence, the institutional and retail investors often consider his opinion to be a part of their decision.