According to Forbes, Arthur Hayes, co-founder of BitMEX and head of the Maelstrom Fund, said that the bond-market support recently pledged by U.S. Treasury Secretary Scott Bessent will push the Federal Reserve to “keep printing money,” and that the price of Bitcoin could reach $250,000. “Get ready, start buying,” Hayes told podcast host Anthony Pompliano. He expects Bitcoin to “perform very well” in the coming years, adding, “We won’t experience a 2008-style large-scale credit crisis, but we will just keep printing money, and eventually you’ll see Bitcoin hit $250,000.” Hayes noted that if the market does not run according to Bessent’s wishes and keeps testing him, he would have to continue printing money, potentially taking actions similar to those of former Treasury Secretary Yellen—draining the Fed’s reverse repo tools and injecting $2.4 trillion in liquidity. This week, reports said Bessent has indicated the Treasury may use nearly $1 trillion from the Treasury General Account (TGA) to fund bond purchases.

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