Arthur Hayes predicted Thursday that Bitcoin will reach $126,000, attributing the anticipated rally to a combination of artificial intelligence spending and war-related money printing. The call adds a notable voice to the bullish outlook for the cryptocurrency.
Two catalysts
Hayes said that government and corporate spending on AI is driving money creation, and that ongoing conflicts are prompting further monetary expansion. Both factors, in his view, inflate the supply of fiat currency and push investors toward Bitcoin as a store of value.
He did not specify a timeline for the $126,000 target.
The prediction comes as the crypto market watches for shifts in liquidity and policy. Whether Bitcoin reaches that level depends on how aggressively central banks continue to print money — and whether AI investment sustains its current pace.
