Svmuu reports that BitMEX co-founder Arthur Hayes stated at the "Bitcoin 2026" conference that the market narrative for Bitcoin is shifting from "AI deflation" to "wartime inflation," and reiterated his bullish stance on Bitcoin, setting a target price of $125,000.
Hayes believes that the U.S.-Iran war is driving up expectations of inflation and credit expansion, while improved liquidity in the banking system will offset the credit contraction triggered by AI. He also noted that his liquidity indicator bottomed out last November and has been moving in tandem with Bitcoin's price trend.
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Arthur Hayes: Bitcoin Narrative Shifts Toward "Wartime Inflation," Target Price at $125,000
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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