Arthur Hayes stated in his latest article:

bitcoin:native began to rebound after hitting a low price of $60,000, and it is expected to eventually break through $126,000, with an anticipated acceleration in the rise past $90,000.

The reasons are:

1️⃣ The AI arms race will force the United States and China to continue to inject liquidity;

2️⃣ AI CAPEX is not a one-time investment, but will grow larger and larger;

3️⃣ After the U.S. attack on Iran, the world has entered an era of "every country for itself," which will lead to some foreign funds flowing out of dollar-denominated financial assets.

4️⃣ To support dollar assets, the U.S. can only continue to provide liquidity;

5️⃣ War, AI, and infrastructure reconstruction will all create inflation, but will still be politically tolerated;

Original text: https://cryptohayes.substack.com/p/the-butterfly-touch

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