BitMEX co-founder Arthur Hayes stated in his latest blog post, “The BTC bull market has already begun since late February.” He explained, "Increased investment in AI infrastructure, rising war costs, and real infrastructure investment for supply chain security are fueling fiat-based credit expansion, and BTC will benefit from this. The scale of AI capital expenditure this time is unprecedented, and central banks, including the Fed, continue to print money. Furthermore, as confidence in dollar assets in various countries declines, funds are shifting to real infrastructure and raw material reserve investments. This could lead to further fiat expansion." He added, "Given this macroeconomic backdrop, it is a given that BTC will surpass $126,000. If BTC breaks above $90,000, the upward trend is likely to accelerate further. Maelstrom, the asset management firm he operates, has also maximized its portfolio risk exposure. Following Hyperliquid (HYPE) and Zcash (ZEC), the altcoin he is most optimistic about is NEAR Protocol (NEAR)."
