Recently, BitMEX co-founder Arthur Hayes shared his views on the future trends of Bitcoin in an interview. Hayes urged investors not to focus too much on the short-term price fluctuations of Bitcoin, but to concentrate on the macro liquidity factors that could drive Crypto Assets prices to reach new historical highs.

Hayes believes that the traditional four-year cycle theory is no longer applicable to the current market. He points out that the monetary expansion policies of governments around the world will be the main driving force for the Bitcoin bull market to last until 2026. Hayes predicts that policymakers from the Federal Reserve to the European Central Bank are likely to continue implementing money printing and fiscal stimulus measures to respond to the increasing geopolitical tensions and the political and economic instability brought about by a multipolar world.

Speaking about the political situation in the United States, Hayes believes this could further exacerbate the trend of currency expansion. He expects that in the coming years, particularly starting in mid-2026, a series of large-scale fiscal spending programs may be launched. Hayes stated that these policies will create a favorable environment for the stock and Crypto Assets markets, making Bitcoin a potentially more growth-oriented investment option compared to traditional assets.

In response to some new investors' concerns that the price of Bitcoin has not yet reached $150,000, Hayes emphasized that investors should remain patient and not expect to get rich overnight. He pointed out that Bitcoin's true investment advantage lies in its compounded excess returns over the years.

Despite recent fluctuations in the price of Bitcoin, Hayes still maintains his previous optimistic forecast, reiterating that Bitcoin is expected to reach a target of $250,000 by 2025. He acknowledges that as market liquidity peaks, it may eventually bring some risks, but he believes that we are still far from that peak.

Hayes also compared the long-term performance of Bitcoin to that of traditional assets. He pointed out that although the U.S. stock market may show an upward trend when measured in dollars, there has been almost no signs of recovery in U.S. stocks when measured against gold since the 2008 financial crisis. In comparison to Bitcoin, the returns of traditional assets are even more lackluster.

Overall, Hayes' perspective emphasizes the potential value of Bitcoin as a hedge against inflation and currency devaluation in the context of global monetary policy. He suggests that investors maintain a long-term view and patiently wait for Bitcoin to realize its potential as digital gold.