Maelstrom founder Arthur Hayes on Tuesday predicted Bitcoin (CRYPTO: BTC) to climb significantly higher as governments ramp up liquidity to stave off a credit crunch.
Why Hayes Sees Bitcoin at $250,000
Speaking in an interview with Anthony Pompliano, Hayes argued that governments and central banks will increasingly resort to liquidity injections as fiscal spending, elevated bond yields and the enormous capital requirements of artificial intelligence strain financial markets.
"I think they’re going to print early and print often," Hayes said.
Rather than waiting for a 2008-style financial crisis before intervening, Hayes expects policymakers in the U.S., China, Japan and Europe to provide liquidity before stresses become systemic.
