It's the first day of the 2026 Conference in Vegas

From 27 to 29 April, Bitcoin 2026 was held at the Venetian Exhibition Centre in Las Vegas, United States. The Congress is expected to attract more than 30,000 participants and over 200 exhibitors globally to deepen exchanges with technological innovation around forward trends in bitcoin and block chains。

The Congress invited over 500 speakers, including the founders of Strategy and CEO Michael Saylor, the co-founder of Twitter and former CEO Jack Dorsey, and Tether CEO Paolo Ardoino. President Paul Atkins will also be present, the first incumbent to attend the Bitcoin Congress. At the same time, the Chairman of CFTC, Mike Selig, will participate in the discussion。

Block Beats will provide real-time updates of the General Assembly ' s hot spots and highlights, as follows:

White House Chief Encryption Money Advisor: A major announcement will be made in the coming weeks on the Strategic Bitcoin Reserve

On April 28, as United States legislators pushed for the formalization of Trump’s “strategic bitcoin reserve” into law, Patrick Witt, the White House’s chief encrypted currency adviser, predicted that a “significant announcement” would be issued in the coming weeks on the next plan for the reserve。

As the Executive Director of the Presidential Advisory Committee on Digital Assets, Witt stated at the Bitcoin 2026 Congress, held in Las Vegas on Monday, that he and the team had been working on the Bitcoin reserve of the strategy。

“The President signed an executive order on the strategic bitcoin reserve last year, and we then proceeded to study the specific mechanisms needed to achieve the plan, as well as the necessary legal interpretations to ensure that the programme is put on the ground correctly and to protect the Government’s digital assets on the balance sheet, especially bitcoin

Arthur Hayes: Bitcoin is expected to continue to rise at a target price of approximately $1.25 million at the end of the year

On April 28th, Arthur Hayes, co-founder of BitMEX, stated at the Bitcoin 2026 Congress that "the outlook for bitcoin is more optimistic. AI will replace a large number of knowledge workers, potentially causing hundreds of billions of dollars in credit-grade losses to the banking system, similar to the new subprime crisis. But the United States is in a state of war, and the new defense budget will increase by about 50 to 1.5 trillion dollars, and the United States government will not cut spending, but will print large amounts of money。

THE NEW ENHANCED REPLENISHMENT RULE, WHICH CAME INTO EFFECT ON 1 APRIL, ALLOWS BANKS TO HOLD FEWER RESERVES AND MORE PUBLIC DEBT, AND THE GLOBAL SCALE ESTIMATES THAT THIS WILL RELEASE ABOUT US$ 1.3 TRILLION IN ADDITIONAL LENDING CAPACITY FOR THE BANKING SYSTEM, MAINLY FOR DEFENCE-RELATED ENTERPRISES AND AI INFRASTRUCTURE. THE MONETARY MULTIPLIER EFFECT OF BANK LENDING IS ABOUT 3, WHICH ULTIMATELY CREATES ABOUT $4 TRILLION IN CREDIT。

THE FED’S PRESIDENT’S NOMINEE, WALSH, WOULD REDUCE THE FED’S BALANCE SHEET, BUT AT THE SAME TIME RELAX BANKING SUPERVISION, ALLOWING COMMERCIAL BANKS TO TAKE OVER THE BOND AND BUY-BACK AGREEMENTS, AND NET LIQUIDITY EFFECTS WOULD BE NEUTRAL, BUT MONEY CREATION WOULD SHIFT FROM CENTRAL BANKS TO COMMERCIAL BANKS. NEWLY CREATED CREDIT WILL BE LARGER THAN AI'S DAMAGED CREDIT SCALE, AND THEREFORE BITCOIN WILL CONTINUE TO GROW AT A TARGET PRICE OF ABOUT US$ 125,000 AT THE END OF THE YEAR

Text of the presentation:Arthur Hayes, Update: From AI deflation to war inflation, Bitcoin's target price at the end of the year, $1.25 million