BitMEX Exchange Founder Hayes: Global Money Printing Fuels Crypto Bull Run Through 2026

Arthur Hayes, BitMEX co-founder, offers a contrarian take on the current crypto market stagnation. Instead of joining pessimistic voices, Hayes identifies global monetary policy as the key driver behind cryptocurrency valuations. "Governments will keep printing money," he states, framing this macroeconomic reality as fuel for an extended bull cycle potentially lasting through 2026.

His analysis challenges conventional market readings focused on short-term price movements or halving cycles. The former BitMEX CEO emphasizes that unlimited fiat creation provides structural support for hard-capped assets like Bitcoin. This perspective emerged during an interview with crypto entrepreneur Kyle Chassé, where Hayes dismissed crash predictions as shortsighted.

The commentary comes as traders navigate sideways price action across major cryptocurrencies. Hayes' thesis suggests investors are misdiagnosing the market by overlooking central bank balance sheet expansion. His view maintains that crypto's fundamental value proposition—scarcity versus inflationary fiat—remains strong despite recent volatility.