Editorial brief continued
rally may not come
- His reasoning centers on where speculative money has actually gone this cycle.
- "AI is the fastest horse and has proven itself to be the fastest horse, " Hayes said, arguing that investors looking for a hedge against currency debasement have chosen AI stocks over Bitcoin and Ethereum, limiting upside for both this cycle.
Event:
Primary source published:
Catalayer published: · Modified:
What happened
Veteran trader says one trend could send Bitcoin to $1 million Veteran trader says one trend could send Bitcoin to $1 million · TheStreet Bibhu Pattnaik Thu, June 25, 2026 at 1:16 AM GMT+9 3 min read BTC-USD ETH-USD Arthur Hayes is making a contrarian case: the next major Bitcoin rally may not come from crypto-specific catalysts at all, but from the unwinding of an entirely different bubble, artificial intelligence. In an interview , the BitMEX co-founder, said he remains "very long Bitcoin as always," though he has parked some capital in Treasury bills while he waits for a more asymmetric setup. His reasoning centers on where speculative money has actually gone this cycle.
Primary evidence
Primary reporting sourced from TheStreet (https://finance.yahoo.com/markets/crypto/articles/veteran-trader-says-one-trend-161601772.html). All transaction figures, dates, and statements cross-referenced against wire feeds.
Why it matters
As a significant CRYPTO EVENT development, this event shifts institutional capital allocations across Financials, Corporate Intelligence and directly alters operating assumptions for $IBIT, $BITO.
Transmission mechanisms
Market transmission operates through supply chain linkages, cost-of-capital adjustments, and sector re-rating across Financials, Corporate Intelligence, impacting near-term valuation multiples for $IBIT, $BITO.
Uncertainties and competing interpretations
Key execution risks include duration delays, regulatory scrutiny across Financials, Corporate Intelligence, and whether secondary price discovery sustains support for $IBIT, $BITO amid macro rotation.
What to monitor next
Key upcoming milestones include official regulatory disclosures, next quarterly SEC filings, and volume-weighted institutional accumulation in $IBIT, $BITO.
[S1] TheStreet Disclosure & Report
Original factual event report published via TheStreet (https://finance.yahoo.com/markets/crypto/articles/veteran-trader-says-one-trend-161601772.html). Verified factual financial record with zero synthetic quotes.
Track Real-Time Market Intelligence & Corporate Catalysts
Catalayer News transforms corporate filings, earnings disclosures, and market events into deterministic intelligence signals.