Arthur Hayes: Bitcoin needs the Federal Reserve to restart the printing press to break through $500,000

Arthur Hayes stated that Bitcoin will not see a substantial rise until the Federal Reserve provides liquidity to fill the black hole in bank balance sheets. He believes that AI is destroying the income of knowledge workers and leading to consumer credit defaults, which will ultimately force the Federal Reserve to intervene and push up Bitcoin.

Arthur Hayes predicts that Bitcoin will reach $150,000 to $200,000 in the summer of 2026, $250,000 to $500,000 by the end of the year, and $1,000,000 by 2028. Michael Saylor posted on the X platform that Strategy has spent approximately $2.54 billion to purchase 34,164 Bitcoins, with an average price of about $74,395. As of April 19, 2026, the institution holds a total of 815,061 Bitcoins, with a total acquisition cost of approximately $61.56 billion and an average price of about $75,527. He believes that the accumulation by corporations and ETFs will lead to non-linear repricing, and if Strategy holds 7.5% of the total Bitcoin supply, the long-term target price will be $10 million.