{"id":79349,"date":"2026-10-11T02:20:12","date_gmt":"2026-10-11T02:20:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/arthur-hayes-sees-mega-crypto-bull-run-beyond-ai-encryption-fears\/"},"modified":"2026-10-11T02:20:12","modified_gmt":"2026-10-11T02:20:12","slug":"arthur-hayes-sees-mega-crypto-bull-run-beyond-ai-encryption-fears","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/arthur-hayes-sees-mega-crypto-bull-run-beyond-ai-encryption-fears\/","title":{"rendered":"Arthur Hayes Sees Mega Crypto Bull Run Beyond AI Encryption Fears"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Hayes compares 2026 AI fears with three earlier periods of disruption.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">His separate AI-bust thesis anticipates multitrillion-dollar support.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">His earlier bitcoin outlook centers on expanded Treasury buybacks.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Hayes Sees Bull-Run Potential Beyond AI Fears<\/h2>\n<p>AI encryption fears are the latest \u201cwall of worry\u201d crypto must climb at the beginning of a mega bull run, Arthur Hayes argues. The chief investment officer of Maelstrom, a crypto investment firm, outlined his <a href=\"https:\/\/x.com\/CryptoHayes\/status\/2108340680074650053\" target=\"_blank\" rel=\"noopener noreferrer\">bull-market argument<\/a> on X on Oct. 8. He co-founded Bitmex, a cryptocurrency derivatives exchange.<\/p>\n<p>Hayes compared today\u2019s AI anxiety with Bitcoin\u2019s block-size disputes, the pandemic, and the aftermath of FTX\u2019s collapse amid rising interest rates. The 2017 disagreement concerned how much transaction data Bitcoin blocks should hold. He described this year\u2019s anxiety as FUD, the industry abbreviation for fear, uncertainty, and doubt.<\/p>\n<p><\/p>\n<p>The forecast builds on his earlier argument that government efforts to manage borrowing costs can support digital assets. In an Aug. 24 essay, Hayes contended that <a href=\"https:\/\/cryptohayes.substack.com\/p\/same-same-but-different\" target=\"_blank\" rel=\"noopener noreferrer\">expanding dollar liquidity<\/a> could flow into bitcoin and other cryptocurrencies. His framework emphasizes financial conditions as a driver of investment demand.<\/p>\n<h2>Money Printing Could Fuel Crypto\u2019s Next Rally<\/h2>\n<p>Greater availability of money and credit underpins Hayes\u2019 expectation that policy responses to financial pressure could lift prices. <a href=\"https:\/\/www.bitcoin.com\/get-started\/money-fundamentals\/macroeconomics\/global-liquidity-and-the-m2-money-supply\/\" target=\"_blank\" rel=\"noopener noreferrer\">Global liquidity<\/a> describes those conditions across the financial system. In his scenario, capital released through government intervention could reach speculative investments, including cryptocurrencies.<\/p>\n<p>In the Aug. 24 essay, Hayes connected that reasoning with the U.S. Treasury\u2019s expanded bond repurchases, arguing that <a href=\"https:\/\/news.bitcoin.com\/featured\/arthur-hayes-treasury-buybacks-bitcoin-bull-market\/\">Treasury buybacks supported a new bitcoin bull market<\/a>. These debt-management operations purchase outstanding government securities. He viewed their effects on yields as favorable to risk assets while distinguishing them from Federal Reserve asset purchases.<\/p>\n<p>His AI-bust scenario anticipates a larger intervention if heavily financed infrastructure encounters financial stress. In an interview published Oct. 2, Hayes projected that <a href=\"https:\/\/news.bitcoin.com\/featured\/arthur-hayes-sees-ai-bubble-ending-in-a-trillion-dollar-rescue\/\">an AI bust could trigger multitrillion-dollar support<\/a>, potentially benefiting crypto through money creation. He placed the prospective reckoning around 2027 or 2028 as data-center commitments come due.<\/p>\n<p>Hayes closed his Oct. 8 post with a bullish prediction linking money creation to higher crypto prices: \u201cMoney shall be printed, bags shall pump.\u201d<\/p>\n<h2>AI Security Fears Face Expert Pushback<\/h2>\n<p>The security concerns Hayes labeled FUD have also drawn objections from specialists examining the underlying mathematical claims. Yehuda Lindell, head of cryptography at crypto exchange Coinbase (Nasdaq: COIN), <a href=\"https:\/\/x.com\/LindellYehuda\/status\/2107999859219587309\" target=\"_blank\" rel=\"noopener noreferrer\">disputed an imminent AI breakthrough<\/a>, arguing there was no evidence of a break in established cryptographic assumptions. His objection addresses the technical premise behind the anxiety Hayes incorporated into his bullish analogy.<\/p>\n<p>Separately, AI-assisted security work has demonstrated how automated analysis can uncover weaknesses in existing crypto software. A researcher examining Zcash identified a flaw in its shielded transaction system, illustrating the role of <a href=\"https:\/\/news.bitcoin.com\/featured\/ai-is-rereading-cryptos-old-code-and-finding-what-humans-missed\/\">AI-assisted vulnerability discovery<\/a> in reviewing older code. That involved a software defect rather than defeating the mathematical protections underlying digital signatures. Developers patched the vulnerability within days of its discovery.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/crypto-bull-market-signals-emerge-as-hyperliquid-and-robinhood-push-finance-onchain\/\"><img alt=\"Crypto Bull Market Signals Emerge as Hyperliquid and Robinhood Push Finance Onchain\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/crypto-bull-market-signals-emerge-as-hyperliquid-and-robinhood-push-finance-onchain\/\"><img alt=\"Crypto Bull Market Signals Emerge as Hyperliquid and Robinhood Push Finance Onchain\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fhyperliquid-hype-chart-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Bitwise CIO Matt Hougan says stronger bitcoin momentum, ETF demand, and institutional adoption could signal the early stages of a\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/arthur-hayes-sees-mega-crypto-bull-run-beyond-ai-encryption-fears\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Hayes compares 2026 AI fears with three earlier periods of disruption. His separate AI-bust thesis anticipates multitrillion-dollar support. His earlier bitcoin outlook centers on expanded Treasury buybacks. Hayes Sees Bull-Run Potential Beyond AI Fears AI encryption fears are the latest \u201cwall of worry\u201d crypto must climb [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":79350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79349"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79349"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79350"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}