Arthur Hayes Says Government Money Printing Will Push Bitcoin Into Blow-Off Top by 2027

Arthur Hayes, the founder of BitMEX, believes that the reckless money printing by governments will ultimately push Bitcoin into a blow-off top by 2027. In an interview with Laura Shin on the Unchained podcast, Hayes discussed how the global banking system has been accommodating to Bitcoin despite official tight monetary policies. He pointed out that Bitcoin has been reacting positively since the FTX debacle in November 2020, with its price surging from $16,000 to $45,000. Hayes argued that even though banks claim not to be printing money, the amount of money flowing into the banking system and interest payments on government debt are highly stimulative. He also mentioned that tech stocks are performing well due to the liquidity available for the right investments. According to Hayes, the years leading up to 2027 will likely be a choppy period where accumulation is crucial before a blow-off top occurs. Hayes, who is the chief investment officer of the investment fund Maelstrom, has recently expressed bullish sentiment towards Bitcoin and crypto, citing rate cut hints from the Federal Reserve. At the time of writing, Bitcoin is trading at $42,131.