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BITCOIN WILL 'EXPLODE' PAST $90,000 AND HIT $126,000, ARTHUR HAYES SAYS. {spot}(BTCUSDT) Arthur Hayes, the BitMEX co-founder who now runs Maelstrom, said bitcoin's $BTC return to its October high is a "foregone conclusion," and he is taking his fund to maximum risk, with $HYPE ,$ZEC , and #NEAR as his top altcoin picks. {spot}(ZECUSDT) Bitcoin $80,679.79 found a bottom at $60,000 earlier this year, and retaking its October 2025 record of $126,000 is a "foregone conclusion," Hayes wrote in a Substack essay on Monday. The largest cryptocurrency briefly rose above $82,000 on Tuesday and recently traded around $80,600. A return to the high from current levels would be a gain of about 55%. {spot}(NEARUSDT) What to know: ✓ Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, argues that bitcoin bottomed near $60,000 earlier this year and is now on track to surpass its prior high and reach $126,000.
✓ He says a break above $90,000 could trigger an “explosive” rally as call-option sellers are forced to buy bitcoin, and he ties the broader bull case to inflationary spending on AI infrastructure and war-related costs.
✓ Hayes discloses Maelstrom positions in HYPE and ZEC and a growing bet on NEAR, while warning that an overhyped AI IPO or a successful anti-AI political platform in the U.S. could end the crypto rally.
Hayes flagged $90,000 as the level at which the rally would turn explosive. At that point, writers of call options with higher strike prices would be forced to buy bitcoin to cover their positions, accelerating the advance. Call option writers are betting that the price will not rise above a certain level; buyers are betting that it will.
The second tailwind is the U.S.-Iran war, which has forced sovereign nations to rebuild domestic infrastructure and stockpile commodities rather than save in dollar assets.
War is inflationary, the AI buildout is inflationary, and the political will to print money to fund both is what produces the environment for bitcoin to outperform, he wrote. #BitcoinTarget #AltcoinSeason #Sheraz992