Arthur Hayes: Bitcoin needs the Federal Reserve to restart the printing press to break through $500k

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Golden Finance reports that on April 23, Arthur Hayes stated that Bitcoin will not experience a substantial rise until the Federal Reserve provides liquidity to fill the black hole in bank balance sheets. He believes AI is destroying knowledge workers’ income and leading to consumer credit defaults, which will ultimately force the Fed to intervene and push up Bitcoin.
Arthur Hayes predicts that Bitcoin will reach $150k to $200k by summer 2026, $250k to $500k by the end of the year, and $1 million by 2028. Michael Saylor posted on X that Strategy has spent approximately $2.54 billion to buy 34,164 Bitcoins, with an average price of about $74,395. As of April 19, 2026, the organization held a total of 815,061 Bitcoins, with a total acquisition cost of about $61.56 billion and an average price of approximately $75,527. He believes that accumulation by corporations and ETFs will lead to nonlinear re-pricing, and if Strategy holds 7.5% of the total Bitcoin supply, the long-term target price is $10 million.

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