Arthur Hayes, co-founder of Bitmex, anticipates a major upswing in Bitcoin and cryptocurrency markets, driven by U.S. monetary policy. In a recent essay, Hayes highlights the impact of increasing Treasury debt and Federal Reserve liquidity injections via the Standing Repo Facility (SRF), which he terms 'stealth QE.' This mechanism, he argues, will expand the money supply, benefiting scarce digital assets like Bitcoin. Hayes predicts that as global liquidity increases and real yields fall, capital inflows into crypto will surge, sparking the next bull market.