Arthur Hayes: Why Bitcoin Isn’t in a Bull Run Yet

Arthur Hayes: Why Bitcoin Isn’t in a Bull Run Yet

Author: Bitcoin.com May 1, 2026 Duration: 22:47

Arthur Hayes breaks down his macro framework for Bitcoin in this conversation with David Sencil at Bitcoin 2026 in Las Vegas.


Key topics:

- Why Bitcoin tracks global fiat liquidity

- Why this isn’t a true bull run yet

- The $145K level that matters

- AI as a potential credit shock

- How money printing and bank credit drive marketsHayes argues that Bitcoin’s price is ultimately tied to the expansion of fiat in the global system, not institutional narratives or short-term sentiment.


Chapters:

00:00 The Future of Crypto and Retail Involvement

03:02 Oil Markets and Economic Implications

05:52 Bitcoin's Performance and Economic Indicators

09:11 AI's Impact on the Economy

11:59 Liquidity and Monetary Policy

15:06 The Role of Stablecoins in Global Finance

18:00 The State of DeFi and Security Concerns

20:55 Market Sentiment and Future Predictions


Arthur Hayes IG - https://www.instagram.com/cryptohayes/LinkedIn - https://www.linkedin.com/in/arthur-hayes-b493b42/Substack - https://cryptohayes.substack.com/Web: https://www.cryptohayes.comX - https://x.com/cryptohayesMaelstrom Fund LinkedIn: https://www.linkedin.com/company/maelstromfundWeb - https://www.maelstrom.fundX - https://x.com/maelstromfund


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Bitcoin.com News Interviews offers a direct line to the people shaping the digital economy. Each episode features a focused conversation, pulling back the curtain on the strategies, challenges, and personal insights of influential figures from across the Bitcoin and broader cryptocurrency landscape. You'll hear founders explaining the real-world problems their projects aim to solve, investors discussing the shifting tides of market sentiment, and veteran leaders reflecting on the industry's rapid evolution. This isn't about hype or price predictions; it's about understanding the foundational ideas and human decisions driving this technological frontier. The discussions are grounded and substantive, providing context that goes far beyond headlines. By listening to this podcast, you gain access to the nuanced perspectives that often remain behind the scenes, offering a clearer picture of where things have been and where they might be headed. It's a resource for anyone looking to move past surface-level news and engage with the substantive dialogue happening within the cryptoverse. These interviews serve as an essential audio companion, translating complex concepts into relatable conversations and connecting the dots between technological innovation, economic shifts, and community building. Tune in for thoughtful, long-form dialogues that illuminate the key players and pivotal moments defining this dynamic space.
Author: Language: en-us Episodes: 100

Bitcoin.com News Interviews
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