Arthur Hayes stated in his latest article that the Bitcoin bull market officially launched on February 28 following U.S. military action in Iran. Hayes expects continued credit expansion in U.S. dollars and Chinese yuan driven by increased AI capital expenditure, energy and infrastructure investments, and monetary easing by the Federal Reserve and People's Bank of China, which he believes will benefit Bitcoin and crypto assets.
Hayes predicts Bitcoin returning to $126,000 is "almost certain." He highlighted NEAR, Hyperliquid (HYPE), and Zcash (ZEC) as tokens of interest amid the anticipated liquidity-driven rally.