Arthur Hayes Outlines $250,000 Bitcoin Scenario Driven by Global Fiat Currency Debasement
Arthur Hayes, co-founder of crypto exchange BitMEX and chief investment officer at Maelstrom Fund, published an in-depth macroeconomic thesis on August 25, 2026, projecting Bitcoin will reach $250,000 during the current halving cycle. Hayes argues that the mandatory refinancing of $9.2 trillion in sovereign US debt over the next 18 months will force massive monetary injection, sparking aggressive flight to hard digital assets.