Arthur Hayes just dropped a new essay, The Butterfly Touch, and his thesis is as bold as it is macro-driven. 🦋 The BitMEX co-founder argues that a global AI infrastructure arms race, surging war spending, and a pivot by nations toward strategic stockpiling are fueling relentless credit expansion in both USD and RMB. This liquidity wave, he says, is deeply bullish for Bitcoin and crypto. 🌊 Hayes believes Bitcoin has already bottomed near $60,000. He sees a retest of that zone as possible, but a breakout above $126,000 is inevitable in his view. The real fireworks, he suggests, could ignite once BTC clears $90,000. 🚀 On the portfolio front, his family office Maelstrom holds large positions in HYPE and ZEC. His next major deployment target? NEAR. 📡 The core insight here is clear: Hayes is betting that sovereign credit cycles, not retail sentiment, will drive the next parabolic leg. Whether you agree or not, the macro narrative is shifting. Stay sharp. 🧠