Arthur Hayes Says Bitcoin Will Stagger, Stumble, Then Do a Wild Dance to $1 Million 🍿

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Arthur Hayes, with the knowing glint of a weather-beaten ranch hand betting on a black horse, reckons bitcoin may take a detour through the dusty town of $90,000, spit on the doorstep, and then—eventually—hitch a ride on a fiscal flood all the way to a million bucks. And yes, he says it with the cheerful precision of someone who enjoys a little chaos with their coffee. ☕️💸

Markets Are Fickle, and Bitcoin’s Got Itchy Feet: Hayes Sizes Up the Road Ahead

No grime under the fingernails, no sweat on the brow—Arthur Hayes, a lad who once helped build BitMEX from spit and baling wire, now runs Maelstrom, which sounds like a fund and a hurricane all at once. On July 2, Hayes sat back—with that look of a man who’s seen more charts than sunsets—and pointed out the latest American magic trick: the Treasury’s plan to fill up the General Account like a bartender topping off beer for a nervy regular.
The catch? Every dollar they stash away is a dollar not out there hustling in the market, which means for a while, even bitcoin might feel a bit parched.

If the Treasury’s refill is like a two-for-one happy hour—liquidity’s gone, everyone’s wallets feel light—then bitcoin’s walking home at $90,000 to $95,000. If it’s more “eh, whatever,” we loaf somewhere in the $100,000s, trying to remember what fun felt like, and shy of that mythical $112,000 high.

Now, before anyone goes digging a grave for their wallet, Hayes isn’t calling for the end of days. He’s just the guy peering down the road before Jackson Hole—where Fed folks gather every August to jaw about policy like it’s poker night—and whispering that there’s a fork, and some folks are going to trip.

But, like any old gambler sitting on the porch watching thunderheads roll in, Arthur grins and warns: Don’t just lean against the fence. He reckons the real big rain—the fiscal type—will be coming down in buckets over the next few years, fattening up assets in the shadows, no official Fed stamp needed.

He leans in, gives you that sideways grin, and if you’re the type waiting for a written invitation from Jerome Powell before you act? He’s got a message printed on a bar napkin:

“You’re going to miss sitting shotgun on bitcoin’s joyride to $1 million—or Nasdaq’s rocket to 100,000 by 2028. Go ahead, keep waiting for the Fed. The road isn’t going to wait for you.”

So while some folks stand at the station for the “official” liquidity train, Hayes thinks bitcoin’s already out back hotwiring a tractor—ready to roar ahead on fiscal fuel, not monetary fairy dust.

And in this new wild world, stablecoins are the trusty mules lugging bags of liquidity wherever Uncle Sam points. $10.1 trillion, Hayes muses, could mosey on into T-bills, thanks to Secretary Scott Bessent’s wild schemes. Let the big banks print their own stablecoins, maybe shut off the interest spigot on reserves—all so the Treasury can stack up that cash and, in the end, send bitcoin and its risk-loving cousins on a stampede for the ages.

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2025-07-06 02:32