Arthur Hayes just doubled down.

Bitcoin to $125K by year-end.

Not because the market is strong.

Because liquidity is about to flood the system.

War spending.

Deregulation.

Trillions in new credit.

He calls it a bull case.

But when money gets printed this aggressively…

‘Visionary’ starts to sound like a warning.

Is $125K a target—

or just a symptom of a system under pressure?