Arthur Hayes: Bitcoin must surpass $500,000 only if the Federal Reserve restarts the money printer

Odaily reported that Arthur Hayes stated that Bitcoin will not see a substantial increase until the Federal Reserve provides liquidity to fill the black hole in bank balance sheets. He believes that AI is destroying the incomes of knowledge workers and leading to consumer credit defaults, which will eventually force the Federal Reserve to bail out the market and push Bitcoin higher. 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 in 2028.

Michael Saylor posted on X that Strategy has spent approximately $2.54 billion to purchase 34,164 Bitcoins at 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 accumulation by companies and ETFs will lead to nonlinear repricing. If Strategy holds 7.5% of the total Bitcoin supply, the long-term target price would be $10 million.