At Bitcoin 2026, BitMEX co-founder Arthur Hayes presented a bullish case for $BTC: US defense spending, critical resource extraction, and AI infrastructure investment will generate new credit demand. He argues that the bank credit multiplier effect is stronger than central bank liquidity injection, driving a new liquidity cycle, with a year-end target of $125,000.
In his speech at the Bitcoin Conference 2026, BitMEX co-founder Arthur Hayes gave the core logic for remaining bullish on $BTC : US defense spending, critical resource mining, and investment in AI infrastructure will all bring new credit demand.
He believes that the multiplier effect of bank credit is even stronger than central bank easing, enough to drive the market back into a liquidity cycle, and emphasizes a year-end target price of $125,000.
Author: PA影音
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