Bitcoin and crypto prices are climbing after a volatile start to 2026 (with Goldman Sachs predicting a major catalyst could be about to ignite the market).
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The bitcoin price surged to almost $95,000 per bitcoin earlier this week before falling back sharply as traders panic over an unexpected $17.3 trillion geopolitical earthquake.
Now, as bitcoin and crypto traders reel from a Wall Street “shocker,” the market is embracing a new mantra that could trigger the next bitcoin price boom: “Run it hot.”
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Federal Reserve chair Jerome Powell is expected to be replaced by U.S. president Donald Trump in May—with the new Fed chair likely to be more supportive of bitcoin, crypto and lower interest rates.
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“They’re gonna run it hot like you can’t even believe,” Ben Hunt, market analyst and writer of the Epsilon Theory newsletter, posted to X last month and pointing to a Truth Social post made by U.S. president Donald Trump.
“We are going to be encouraging the good market to get better, rather than make it impossible for it to do so,” Trump posted in December. “Anybody that disagrees with me will never be the Fed chairman,” Trump added, referring to his looming decision on who will replace Federal Reserve chair Jerome Powell, expected this month.
Trump was cheering the latest U.S. GDP growth figure of 4.2%, predicting the U.S. economy could grow by, “10, 15, and even 20 GDP points in a year—and maybe even more than that.”
Meanwhile, as Trump leans on the Fed to cut interest rates at a far steeper pace than it has over the last couple of years, analysts have suggested the Fed could return to asset purchases—a form of economic stimulus like quantitative easing.
“Political pressures on the Federal Reserve could well extend beyond lowering interest rates to include asset purchases designed to influence housing affordability directly,” chief economic adviser at Allianz and the former chief executive of bond giant Pimco, Mohamed El-Erian, posted to X.
This week, Trump has said he would launch a $200 billion mortgage bond-buying programme in an attempt to lower mortgage rates.
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The bitcoin price fallen sharply from its October peak of $126,000 per bitcoin but remains far higher than its pre-2024 levels.
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“Run it f***-ing hot, bitcoin to $1 million” bitcoin trader and crypto derivatives pioneer Arthur Hayes posted to X, quoting Trump’s $200 billion mortgage bond comments. “If you ain’t long you is wrong!”
Hayes, a cofounder of the BitMex crypto exchange who now runs the Maelstrom family office, has said he expects the bitcoin price to hit $200,000 in early 2026.
“As the amount of dollars expands, the price of bitcoin and certain cryptos will sky rocket,” Hayes wrote in a blog post this week, adding that he expects Trump to ramp up economic and market stimulus measures in the run up to the November midterms.
“You best believe [Trump] will not lose an election for lack of printing money,” Hayes wrote.
