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The price of Bitcoin may rise to a new high in 2026, even if it lags behind gold and technology in stocks last year, according to Arthur Hayes, co-founder of BitMEX.
Important points:
- Arthur Hayes says Bitcoin’s path to new highs depends on new dollar spending rather than temporary price increases.
- The economic slowdown in 2025 explains why Bitcoin is lagging behind gold and technology.
- Hayes expects the money to grow in 2026 to restore Bitcoin’s good fortune.
This prediction is not based on short-term trends, but on the new increase in the dollar, which Hayes says is what drives the long-term price of Bitcoin.
Arthur Hayes says Bitcoin needs the dollar to catch up with gold and the Nasdaq
in The article was published on Wednesday Hayes wondered why Bitcoin would suffer in 2025 when things like gold and the Nasdaq continue to rise.
The answer was clear: money. Without the supply of dollars, Bitcoin does not have the fuel needed to successfully carry out its operations.
“The dollar has to get stronger for that to happen,” Hayes said, adding that he expects that to happen in 2026.
Hayes explained a number of factors that could lead to the increase in income. Among them is the possible expansion of the US Federal Reserve, which will pump more money into the economy.
He also pointed to lower interest rates as the economy shrinks, and changes in commercial banking practices that could lead to more loans going to US government-run industries.
Military spending also plays into Hayes’s thinking. He also said that the United States will continue to expand its influence around the world, a process that will require large amounts of military financing through banking.
This use will in turn support the growth of the currency, fostering the conditions that tend to benefit scarce assets like bitcoin, he said.
In the past, financial volatility has favored Bitcoin, as investors have sought alternatives to currencies that may lose their purchasing power over time.
Hayes admitted that the dollar’s value will decrease in 2025, which is related to the decrease in the value of Bitcoin. In that year, the price of Bitcoin fell by 14%, while the price of gold rose by 44%.
But tech stocks showed a different picture. It was the best-performing sector in the Standard & Poor’s 500 last year, outperforming the general index.
Hayes has attributed the disparity to government intervention, noting that AI has been successfully implemented by the United States and China.
As a result, capital continues to flow into AI-related companies regardless of traditional market indicators.
Hayes: Bitcoin is a “financial technology” and reaching $100,000 requires a crash in the value of fiat currencies and an increase in fixed income.
Despite Bitcoin’s underperformance, Hayes cautioned not to be overly suspicious. He explained that Bitcoin is a “financial technology,” whose value is inseparable from the collapse of the value of paper money.
While this alone proves that Bitcoin is worth more than zero, Hayes said that reaching prices closer to $100,000 would require increasing investment.
Optimism remains strong among long-term investors. Investor Tim Draper confirmed this week that the year is 2026 It will be a defining year repeating its previous Bitcoin price at $250,000.
Meanwhile, Bill Barheidt, CEO of ABRA, believes that Bitcoin can benefit in 2026 as the reduction of costs will bring new money into the global markets, and revive the risk of problems after a long period of financial crisis.
A note Arthur Hayes says Bitcoin could hit a new record high in 2026 as the dollar’s value increases appeared for the first time Cryptonews Arabic.
