Bitcoin should be able to steal some “juice” back from gold and the Nasdaq in 2026, with several catalysts supporting the idea of US dollar liquidity expansion.
Bitcoin will likely reach new all-time highs despite poor performance against gold and tech stocks last year, according to BitMEX co-founder Arthur Hayes, citing the potential expansion of monetary conditions.
“If gold and the Nasdaq have the juice, how is Bitcoin going to get its groove back? Dollar liquidity must expand for that to happen,” Hayes said in a post on Wednesday. “Obviously, I believe it will in 2026,” Hayes said.
Hayes pointed to several catalysts that would support a “drastic increase” in dollar liquidity in 2026, such as the expansion of the US Federal Reserve’s balance sheet through “money printing,” mortgage rates falling as liquidity continues to loosen, and commercial banks becoming more willing to lend to US government-backed strategic industries.
