Bitcoin as Digital Gold: Hayes Sees 2026 Bull Run Fueled by Trump Stimulus

Arthur Hayes, co-founder of BitMEX, has suggested that Bitcoin's upcoming bull market could persist until 2026, driven in part by anticipated economic policies under a potential second Trump administration. Speaking in a recent interview, Hayes emphasized the role of U.S. fiscal and monetary stimulus in shaping the trajectory of Bitcoin's price. He noted that Trump’s proposed economic agenda—reportedly including infrastructure spending and tax cuts—could inject liquidity into global financial systems, indirectly supporting the adoption and value of cryptocurrencies.

Hayes' prediction aligns with broader market sentiment, as Bitcoin has historically shown a correlation with macroeconomic trends and investor sentiment toward risk assets. The co-founder of BitMEX pointed out that large-scale stimulus measures often lead to inflationary pressures, prompting investors to seek alternative stores of value such as Bitcoin. “Bitcoin is the ultimate hedge against devalued fiat currencies,” Hayes stated, reiterating his long-held view that the cryptocurrency could serve as digital gold in times of economic uncertainty.

The market has already seen signs of growing institutional interest in Bitcoin, with major financial firms launching new products and services catering to crypto investors. This trend, Hayes argued, could accelerate under a Trump administration, especially if regulatory clarity and pro-market policies are implemented. He added that a regulatory environment favoring innovation, rather than restricting it, could help Bitcoin integrate more deeply into the global financial ecosystem.

Hayes also touched on the potential for geopolitical tensions to influence Bitcoin’s price action. He suggested that increased U.S. involvement in global trade and economic policies under Trump might lead to volatility in traditional markets, further pushing investors toward non-traditional assets like Bitcoin. “When real assets are under pressure, Bitcoin often sees a surge in demand,” he remarked, citing historical examples of this behavior during periods of geopolitical instability.

Despite his bullish stance, Hayes acknowledged that the market remains unpredictable, and not all factors can be controlled or anticipated. He urged investors to remain informed and to carefully assess the risks associated with investing in cryptocurrencies. While he sees a strong case for Bitcoin's long-term value, he emphasized that the market is still in its early stages of adoption and maturation.