Arthur Hayes: The Fed's “continue to print” will push up bitcoin to $250,000

On 30 August, it was reported by Forbes that Arthur Hayes, co-founder of BitMEX and head of the Maelstrom Foundation, had stated that the recent bond market support promised by United States Treasury Secretary Scott Bessent would drive the Federal Reserve to “continue printing” and that the price of bitcoin was expected to reach $250,000. “By preparing to start buying,” Hayes said to podcast host Anthony Popgliano, who expected Bitcoin to be “exactly good” in the coming years, and said, “We will not go through a 2008-style large-scale credit crisis, but we will just keep printing, and eventually you will see Bitcoin at $250,000. “Hayes states that if the market does not operate as Bessent wishes and continues to test him, he will have to continue printing money, and may eventually do something similar to the former chief finance minister, Aaron — draining up the Fed's repurchase tool and injecting $2.4 trillion in liquidity. This week there were reports that Bessent had indicated that the Ministry of Finance might use nearly $1 trillion of the Treasury General Account (TGA) to finance bond purchases。