Arthur Hayes: “Fed liquidity injections are a bullish signal for Bitcoin… but it’s not time to buy yet”

Arthur Hayes, the BitMEX co-founder known as a Bitcoin bull, said that at the current juncture it is more appropriate to stay on the sidelines than to buy Bitcoin.

According to Cointelegraph on the 10th (local time), Hayes said in an interview on the YouTube podcast 'Coin Stories' that “if I had to invest $1 right now, would I put it into Bitcoin? My answer is ‘no’,” adding that “waiting is the right move for now.”

Hayes pointed to the U.S. Federal Reserve’s (Fed) monetary easing as the key driver of a Bitcoin rally. “The time I buy Bitcoin is when central banks start printing money again,” he said, explaining that “it’s not the war itself that’s good for Bitcoin; ultimately, expanding liquidity is what’s positive for Bitcoin.”

He also addressed the potential impact of heightened geopolitical tensions in the Middle East on financial markets. Hayes projected that if the conflict between the United States and Iran becomes prolonged, sell-offs could emerge in tandem across equities and crypto markets.

He added that if such conditions persist, Bitcoin could fall below $60,000. “In that case, cascading liquidations could occur,” Hayes said.

Still, he maintained a long-term bullish outlook. Hayes reiterated his prior forecast that Bitcoin could rise to around $250,000 this year, adding that “the period when Bitcoin trades below $100,000 will not last for long.”