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Arthur Hayes Says Fiat Liquidity, Not Regulation, Drives Bitcoin Price

2026-05-07 08:00:38

Arthur Hayes said at the Consensus 2026 conference that fiat liquidity, not regulatory support, is the main driver of Bitcoin’s price, and he noted Bitcoin fell about 25% over the past approximately 18 months despite positive regulatory developments. Arthur Hayes said technological reliability also matters, and he argued Bitcoin would lose its original significance if it became a common product on bank balance sheets.

BTC-2.05%

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