Arthur Hayes on Bitcoin and elections: "Trump or Harris, it doesn’t matter." He predicts Bitcoin will hit $1 million, discusses Trump's crypto impact, Gary Gensler, and Wall Street's crypto moves.

DL News reports that BitMEX co-founder Arthur Hayes expects Bitcoin to reach $1 million this cycle and argues that the outcome of the US presidential election — whether Donald Trump or Kamala Harris wins — will not materially change the macro forces he believes are driving Bitcoin higher. His view is that both major US political parties are locked into heavy deficit spending and pro-liquidity policies, which he sees as structurally supportive for risk assets and especially Bitcoin. Hayes frames Bitcoin’s trajectory as a function of global liquidity, fiscal expansion, and loss of faith in government debt rather than partisan politics. In the interview covered by DL News, Hayes comments on Trump’s explicitly pro-crypto signaling, such as outreach to crypto donors and rhetoric about supporting the industry, but he suggests that even a more regulatory-skeptical administration led by Harris would still be constrained by the same fiscal and monetary realities that benefit Bitcoin. He criticises US Securities and Exchange Commission Chair Gary Gensler for what many industry participants see as an aggressive enforcement-led approach to crypto regulation, contrasting that posture with the rapid institutionalization of Bitcoin via Wall Street heavyweights like BlackRock, which now offers spot Bitcoin ETF products. Hayes links the growth of these vehicles and the participation of large asset managers to a broader thesis that traditional finance is being pulled into Bitcoin despite regulatory friction, and that this dynamic, combined with persistent money printing and bond market strains, underpins his conviction that Bitcoin can ultimately reach the $1 million mark.

✨ AI-generated background, compiled from web sources — not editorial content.

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