BitMEX co-founder Arthur Hayes has expressed optimism for Bitcoin's future, suggesting that historical economic trends indicate another significant upswing for the leading cryptocurrency. Hayes credits the surge to the U.S. government's extensive spending and money printing. He explains that the U.S. has been in a global deflationary period since 2008, which has boosted the value of Bitcoin and other assets. Hayes also notes the importance of observing the amount of credit created by commercial banks, much of which is related to fiscal deficits. He believes that loose fiscal and monetary conditions will continue, making holding crypto the best way to preserve wealth.