[Video | Arthur Hayes: This Bitcoin Cycle Won't Skyrocket Straight Up, But Will Consolidate and Surge on Policy News] In an interview on the podcast *Bitcoin Magazine*, Arthur Hayes stated that Bitcoin is more likely to follow a 'consolidation-surge-consolidation' staircase pattern in the upcoming cycle, rather than skyrocketing straight up. He believes the key driver for the next rally will still be the U.S. resuming monetary easing. As policy stimulus gradually emerges, Bitcoin could advance step by step to $80,000, $90,000, $100,000, or even higher.