- Arthur Hayes sees Bitcoin’s four-year cycle as obsolete.
- Hayes cites macroeconomic liquidity as the new market driver.
- The Federal Reserve and China are influencing Bitcoin trends.
Arthur Hayes asserts that Bitcoin’s traditional four-year cycle is obsolete, emphasizing that current global monetary policy from the U.S. Federal Reserve and China’s central bank now plays a pivotal role in influencing crypto markets.
Arthur Hayes, BitMEX co-founder, asserts the Bitcoin four-year cycle is outdated as Fed and China’s liquidity policies shift.
Hayes’ perspective highlights changing economic forces impacting cryptocurrency, emphasizing liquidity over historical cycles.
Arthur Hayes, former CEO of BitMEX, has declared the end of Bitcoin’s historic four-year cycle, suggesting macro liquidity as the primary driver. Hayes published his insights on October 9, 2025, focusing on the impact of central banks’ monetary policies.
As a notable figure in the cryptocurrency world, Hayes has emphasized the influence of the U.S. Federal Reserve and the People’s Bank of China. His argument suggests that easing monetary policies will increase liquidity in risk assets like Bitcoin, affecting its value trajectory.
“The four-year cycle is dead. The impending fiat liquidity deluge will keep the bull market going. Listen to our monetary masters in Washington and Beijing. They clearly state that money shall be cheaper and more plentiful. Therefore, Bitcoin continues to rise in anticipation of this highly probable future.” — Arthur Hayes, Co-founder BitMEX
Immediate effects include shifting investor strategies, with a focus on increased liquidity potentially benefiting not only Bitcoin but also altcoins. Market participants may anticipate enhanced valuations if central banks continue their policies.
Financially, policies from major economies can significantly impact assets like Bitcoin. Liquidity from eased monetary conditions may fuel growth. Politically, central banks’ actions underline their pivotal role in shaping market climates and influencing cryptocurrency values.
Anticipating continuing effects, financial observers may look for sustained liquidity conditions. Historically, Bitcoin cycles related closely to monetary shifts. Technologically, innovation in crypto may align with these macroeconomic changes, further influencing market dynamics.