💥 Arthur Hayes Sounds the Alarm on “QE in Disguise”
According to Arthur Hayes, the Federal Reserve’s new Reserve Management Purchases are essentially quantitative easing under a different label. He argues that these operations quietly inject liquidity into the system, allowing monetary expansion without calling it QE outright.
Hayes warns that this kind of backdoor money creation, if sustained, could significantly debase fiat liquidity conditions — a setup that historically benefits scarce assets. Under this framework, he believes Bitcoin could be pushed toward the $200,000 level by 2026 as excess liquidity looks for a hedge.
If his thesis plays out, the next leg higher for $BTC wouldn’t be driven by hype — but by policy mechanics hiding in plain sight.
