Arthur Hayes, co-founder of BitMEX, shared a Bitcoin analysis in a recent blog post, predicting that a bull run began on February 28, 2026, following the U.S.-Iran conflict. He cited AI spending, war-related costs, and infrastructure projects as key drivers of fiat expansion, which he believes will fuel increased attention toward Bitcoin. Hayes expects Bitcoin to surpass $126,000 and accelerate beyond $90,000. He also increased his risk exposure in Maelstrom and expressed interest in NEAR due to its privacy features and Intent-based design.

ChainCatcher reports that Arthur Hayes, co-founder of BitMEX, stated in his latest blog post that the Bitcoin bull market truly began on February 28 with the outbreak of war between the U.S. and Iran. AI capital expenditures, war-related spending, and global investments in physical infrastructure to secure supply chains will drive unchecked expansion of fiat credit, continuing to benefit Bitcoin.Hayes noted that Bitcoin has rebounded from its early-year low of $60,000 and reaffirmed that surpassing its previous high of $126,000 is “inevitable.” He argued that the scale of AI-related capital spending this cycle is unprecedented, with central banks like the Federal Reserve printing more money. As trust in U.S. dollar assets declines, nations are shifting toward investments in physical infrastructure and commodity reserves, further fueling fiat expansion.He expects Bitcoin’s upward momentum to accelerate after breaking $90,000 and has increased his Maelstrom portfolio’s risk exposure to maximum levels. Aside from Hyperliquid and Zcash, Hayes’ next most favored altcoin is NEAR, which he will explain in a follow-up article for how its privacy narrative and Intent architecture generate positive cash flow for the protocol. He concluded by stating that while we are currently in a bull market, there will eventually be a time to sell—just not now.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.