<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDQvZDcwMTU2YmEtNjRiYi00OGI0LTgwYjAtMTA5ZTU2YzkwMDZkLmpwZw==.jpg"></p><p>Bitcoin has constant bull market backing in the ever-expanding fiat money supply, Arthur Hayes concluded.</p>