BitMEX Co-Founder Hayes Warns Against Bitcoin Short-Term FOMO Amid Long-Term Bull Market

Arthur Hayes, co-founder of BitMEX, forecasts that the current cryptocurrency bull market, particularly for Bitcoin, is likely to continue well into 2026, driven by ongoing global monetary expansion and anticipated fiscal stimulus under President Donald Trump's administration. Hayes cautions investors against focusing on short-term price volatility or comparisons with record highs in stocks and gold, emphasizing that Bitcoin's long-term value is best understood as a defense against currency debasement rather than a quick-profit asset. Despite recent price drops and short-term volatility, Hayes remains confident in Bitcoin’s potential to outperform traditional assets over time, predicting it could reach $250,000 by the end of the year. He highlights that institutional interest, evidenced by significant Bitcoin reserves in investment products, supports a sustained rally, and warns that chasing instant gains or leveraging on short-term price jumps can lead to significant losses. Hayes also connects the crypto outlook to broader geopolitical and economic shifts, including potential European financial strains and the erosion of a unipolar world order, which may encourage further fiscal stimulus and central bank easing globally. Overall, Hayes advocates for patience and a macroeconomic perspective among investors to navigate the evolving crypto landscape effectively.