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Co-founder and former director of the BitMEX crypto exchange Arthur Hayes said that cheap oil in the United States and an influx of liquidity into the crypto market will lead to the growth of Bitcoin.
The businessman published an essay entitled Suavemente (“Courtesy”), where he called American politicians “thinking first of all about re-election.” According to the entrepreneur, inflation and the state of the US economy are now important to voters, and the most obvious indicator is the price of fuel.
“Expensive fuel guarantees problems in elections, cheap fuel guarantees political stability. Hence the pragmatic interest of the US authorities in Venezuelan oil: control over the cost of energy curbs inflation and does not stop the printing press. As long as oil is under control, money will be printed. The result is an expansion of dollar liquidity and the growth of Bitcoin,” Hayes explained.
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The co-founder of BitMEX believes that US President Donald Trump is guided by changes in stock prices, government bond yields and oil. While stocks are rising and oil is cheap, the printing press will not stop, and the first cryptocurrency will be able to benefit from increased liquidity – not so much from the price of energy, but from the expansion of the money supply itself, Hayes developed the idea.
If the price of oil remains around $60 per barrel until the end of the year, nothing will stop the United States from injecting liquidity into the markets, from which not only Bitcoin, but also other digital assets will benefit, the crypto enthusiast suggested.
Previously, Arthur Hayes said that in 2026 the first cryptocurrency could reach $500,000, and the crypto market will demonstrate a stable and long-term bullish trend.
