Arthur Hayes attributes Bitcoin’s rise to global monetary policies over regulation

Former BitMEX CEO Arthur Hayes attributed Bitcoin’s ( BTC ) rise as the “best-performing asset in human history” to global monetary policies , particularly money printing, rather than regulatory changes.

Hayes shared his insights during a Sept. 30 appearance on The Big Whale , where he also explained how inflationary fiscal policies have played a pivotal role in Bitcoin’s success.

Despite the recent market volatility, Hayes maintains a bullish outlook on Bitcoin, anticipating long-term price surges fueled by economic instability and political turmoil around the world.

Monetary expansion leads to growth

Hayes predicted that US interest rates would drop below 2% by early 2025, driven by political turmoil and ongoing debt ceiling debates. He suggested that ongoing monetary expansion would push more capital into cryptocurrencies.

Hayes highlighted the ripple effects of economic instability, stating:

“As we print more money to solve problems of particular countries, at some point, people come to blows.”

Hayes maintained a bullish outlook, predicting continued growth for Bitcoin and Ethereum despite recent turmoil in the market. He also alluded to projections that place Bitcoin’s long-term price at $586,500.

He reiterated his view that as central banks increase the money supply to address economic challenges, more investment is driven into Bitcoin as a hedge against inflation and currency devaluation.

Hayes suggests that further monetary expansion, driven by political and economic instability, will continue to push Bitcoin’s value higher. In his view, global monetary policy plays a more significant role in Bitcoin’s success than regulatory developments.

Cautious but optimistic outlook

While Hayes continued to advocate for Bitcoin and Ethereum, he urged younger investors to exercise caution with leverage trading and advised them to monitor their positions closely to avoid liquidation amid periods of high volatility.

In addition to his optimism for Bitcoin and Ethereum, Hayes expressed interest in blockchain projects focused on artificial intelligence (AI). He indicated that these innovations could drive the next phase of blockchain growth, marking them as areas to watch in the evolving market.

Hayes further stated that he expects the current bull market to continue through 2026 or 2027, assuming no major geopolitical disruptions occur. However, he expressed skepticism about regulatory clarity spurring institutional investment, noting that financial institutions will likely find ways to work around regulations if there is demand.