Arthur Hayes, co-founder of BitMEX, forecasts that Bitcoin could reach up to $500,000 by 2026, driven by potential U.S. Federal Reserve liquidity expansion. Hayes, now Chief Investment Officer at Maelstrom, shared his analysis in a personal Substack essay, suggesting that increased U.S. dollar liquidity could significantly boost Bitcoin's price, potentially reshaping investment strategies. Hayes' prediction highlights the impact of Federal Reserve monetary policy shifts on cryptocurrency markets. He anticipates that Bitcoin may experience volatility, with possible fluctuations before a substantial rally. Historically, Bitcoin has benefited from periods of high liquidity, and Hayes argues that similar conditions could lead to a bullish trend, aligning with past economic scenarios.