Arthur Hayes at Consensus Miami 2026: Fiat Money Creation Is the Sole Driver of Bitcoin's Price

Speaking at one of the crypto industry's most prominent conferences, Hayes argued that as governments and central banks continue expanding the money supply, Bitcoin's value will inevitably reflect that monetary expansion, regardless of the political or regulatory climate surrounding the asset.

The statement reinforces Hayes' long-held macro thesis: that Bitcoin is ultimately a hedge against fiat currency debasement, and that no amount of legislation or political pressure can override the fundamental economic forces shaping its price.