Video | Arthur Hayes: Bitcoin won't surge straight up this cycle, but will consolidate sideways, then spike sharply on policy news.

In an interview on the podcast "Bitcoin Magazine," Arthur Hayes stated that Bitcoin is more likely to experience a "sideways-surge-sideways" stepwise pattern rather than a continuous rally. He believes that the key driver for the next upward move remains the U.S. resuming monetary easing. As policy stimulus gradually emerges, Bitcoin could advance level by level toward $80,000, $90,000, $100,000, or even higher.