Crypto markets may be on the verge of another major rally, according to billionaire investor Arthur Hayes, co-founder of BitMEX.
Hayes recently warned that the U.S. Federal Reserve is preparing for unprecedented levels of money printing, potentially exceeding anything seen in previous economic cycles. His view is based on growing stress in global credit markets and the increasing risk of a financial slowdown.
When liquidity dries up and markets begin to crack, central banks historically respond with aggressive stimulus — and that usually means printing more money.
Why This Is Bullish for Bitcoin
Hayes argues that Bitcoin acts as a “liquidity fire alarm” for the financial system. When fiat currencies are debased through excessive money creation, scarce assets like Bitcoin tend to benefit the most.
Bitcoin has:
A fixed supply of 21 million
No central authority
A history of outperforming during periods of monetary expansion
If the Fed launches another massive liquidity wave, Hayes believes capital will once again flow into hard assets — and Bitcoin could reach new all-time highs.
The Bigger Picture
This thesis fits a familiar pattern:
Economic stress → Central bank intervention
More money → Inflation risk
Investors seek protection → Bitcoin, gold, and hard assets surge
While timing remains uncertain, the core message is clear:
More printing equals more fuel for Bitcoin.
As Hayes puts it — the next wave of liquidity could be the biggest yet.