I recently came across Arthur Hayes's insights, which provided an interesting analysis of the opportunities that Bitcoin might face in 2026.

His core logic is actually quite simple: the Federal Reserve's balance sheet is in an expansion phase, bank credit issuance is accelerating, and mortgage rates are also facing adjustment pressures. These signals point to a clear direction—the liquidity of the US dollar will increase significantly.

There's a historical pattern worth noting here. Whenever the base money increases substantially, the asset side always shows a noticeable rise. Bitcoin, as another outlet for global liquidity, tends to benefit in such an environment. Coupled with its inherent scarcity and decentralization features, it indeed has the foundation to attract traditional financial allocations.

Of course, the road won't be smooth sailing, and market volatility is normal. But from the perspective of 2026, if macro liquidity truly expands as expected, Bitcoin, as the most liquid risk asset, should be a key time window worth paying close attention to.

For investors, rather than getting caught up in short-term noise, it's better to extend your view to this larger cycle. After all, in a context of loose monetary policy, holding core assets steadily often yields more stable returns than frequent trading.