Bitcoin (CRYPTO: BTC) remains range-bound in the short term, but BitMEX co-founder Arthur Hayes says the broader trend is still firmly upward, with significant long-term upside driven primarily by global liquidity conditions.
$100,000 First, Then $125,000 In Focus
Hayes said Bitcoin could reach $100,000 after the northern hemisphere summer, with a potential move toward $125,000 by the end of 2026 if macro liquidity conditions continue to improve.
He argued that the primary driver is not regulation or political developments, but expanding dollar liquidity and global macroeconomic conditions.
According to Hayes, Bitcoin is already outperforming traditional markets such as the Nasdaq, and he expects that trend to continue into the fall …