Bitcoin bottomed at $60K; rally to $126K seen as inevitable amid AI race and US-Iran conflict

Arthur Hayes, BitMEX co-founder, declares Bitcoin's bottom at $60,000 and predicts a rally to $126,000 driven by global AI infrastructure spending, rising military costs, and expanding fiat credit. He marks February 28, the US-Iran conflict start, as the bull market's beginning, noting Bitcoin's outperformance over gold and tech stocks since then. Hayes highlights the AI arms race between the US and China as a key driver for unlimited credit creation, fueling Bitcoin demand. His family office, Maelstrom, is increasing risk exposure, targeting NEAR Protocol as the next major investment, expecting it to rebound and generate positive cash flow. Hayes advises investors to embrace the bull market despite potential short-term political risks.