Arthur Hayes: Bitcoin may hit $126K as war inflates
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- Arthur Hayes predicts Bitcoin could reach $126,000 this year, citing war‑driven inflation and massive AI/electrification CAPEX.
- Bitcoin traded between $79,467 and $82,496 over the past week, sitting near $81,000, up 31% from its Feb 6 low of $62,822.
- Bitcoin has outperformed gold and US tech stocks since February, while gold rose only 2% to $4,710.
- Arthur Hayes says the US Federal Reserve may ease monetary policy to finance the Iran conflict and boost crypto.
- Bitcoin bottomed earlier this year at $60,000, according to Hayes, and is poised for a rally past $90,000.
Why it matters: Bitcoin investors gain as the asset rose 31% to $81,000 while gold barely moved 2%, shifting capital toward crypto and amplifying exposure to war‑driven inflation.
