Trump Policies Could Extend Asset Rally, Arthur Hayes Says as BTC Steadies

Arthur Hayes, co-founder of BitMEX, said the global asset rally could extend into 2026. Speaking in an , Hayes tied the extension to expectations that President Donald Trump will roll out fresh economic stimulus programs through mid-2026.

He noted that large-scale monetary expansion has not yet started, since political leaders often delay major policy shifts until economic pressure builds. Hayes stressed the current cycle is not finished.

Hayes cautioned Bitcoin investors against chasing quick wins. He argued that comparing Bitcoin’s short-term moves with gold or stock benchmarks misses its long-term strength.

Earlier:

“Those who expect fast wealth risk being liquidated,” Hayes said, urging holders to keep perspective. He framed Bitcoin as the most reliable performer against currency debasement worldwide.

Hayes rejected narrow measures such as asking when crypto will absorb a larger share of global M2 supply. He said that framing ignores Bitcoin’s proven role as a hedge.

He pointed out that while the S&P 500 has gained in dollar terms, it lags when measured in gold since 2008. Similarly, U.S. housing prices adjusted by gold remain depressed. Against that backdrop, Hayes argued, Bitcoin has consistently outperformed.

At the time of writing, Bitcoin traded at $115,892.57, marking a 0.49% daily increase. Its market capitalization reached $2.3 trillion, supported by ongoing buying momentum. Trading activity dropped, with 24-hour volume falling 3.71% to $49.17 billion, but liquidity remained stable with a 2.13% volume-to-market cap ratio.

Charts showed a dip under $115,340 before recovering above $116,500 later in the session. BTC consolidated around $115,500 overnight, reflecting consistent demand.