Hayes Sees 2026 Crypto Rally with Trump Stimulus & $10T
Arthur Hayes, co-founder of BitMEX, predicts the crypto rally will extend into mid-2026. He argues that a new Trump stimulus package and a 25 bps Fed rate cut could ignite a $10 trillion liquidity wave. Removing US eurodollar bailout guarantees would unlock capital for stablecoins, DeFi and wider cryptocurrency markets.
Hayes expects traditional investors to channel billions into US Treasury-backed stablecoins. He calls for patience from Bitcoin investors and warns against using short-term stock or gold comparisons to assess the crypto rally. Over the past month, he has accumulated fundamentally strong altcoins, citing Ethena’s ENA token as a key buying opportunity.
This outlook highlights a major structural shift. It underscores how policy-driven stimulus and expanded liquidity can inflate asset prices. Traders can use this insight to assess risk, optimize portfolios and position for the next phase of the crypto rally.
Bullish
Hayes’s forecast is inherently bullish for the crypto market. In the short term, expectations of a Fed rate cut and removal of eurodollar bailout guarantees could spark a surge in liquidity, driving stablecoin inflows and DeFi activity. Traditional institutions reallocating capital into US Treasury-backed stablecoins would heighten market demand and price stability. Over the long term, a sustained Trump-led stimulus and structural monetary expansion are likely to fuel broader asset inflation, including cryptocurrencies. Traders may see renewed momentum, particularly in Bitcoin and select altcoins like ENA, as policy measures materialize and capital rotates into digital assets.