BitMEX Co-founder Arthur Hayes Predicts Bitcoin Has Bottomed and Will Hit $126K

BitMEX co-founder Arthur Hayes, in his essay “The Butterfly Touch,” argues that intensifying AI competition, rising military spending, and global efforts to stockpile infrastructure and commodities could collectively drive credit expansion across major economies—creating supportive conditions for crypto markets.

Against this backdrop, Hayes suggests Bitcoin may have already established a bottom near $60,000. He sees a potential path toward $126,000, noting that bullish momentum could accelerate if the price breaks above $90,000.

On positioning, he also disclosed that his family office, Maelstrom, is currently heavily allocated to HYPE and ZEC, while flagging NEAR as the next area he is watching for possible deployment.

Source: Arthur Hayes