Arthur Hayes, a leading figure in the cryptocurrency market, has made a remarkable bullish prediction for Bitcoin. Speaking at the Bitcoin 2026 Conference, Hayes argued that based on current market dynamics, the price of Bitcoin could rise to $125,000.
According to Hayes, the recent pullback in Bitcoin from its peak is due to job losses among knowledge workers and the resulting credit crunch caused by the widespread adoption of artificial intelligence technologies.
However, Hayes noted that the market focus shifted with the start of US-Iran tensions in February, stating that investors are now pricing in the risk of “wartime inflation” instead of “AI-induced recession.” He said this shift paved the way for Bitcoin to regain strength against the Nasdaq Composite, which is largely represented by technology stocks.
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