Arthur Hayes: Bitcoin to Hit $250K by Year-End on a Wave of Liquidity
Arthur Hayes, Chief Investment Officer of Maelstrom, believes Bitcoin’s value may attain $250,000 by the top of the yr. With roughly 100 days left within the yr, this may characterize greater than a 2x improve from its present value.
Hayes shared his bullish outlook throughout a media interview on the Blockchain Conference ‘KBW2025’ on September 23 on the Walkerhill Hotel in Seoul. He said that an attention-grabbing market development is probably going to emerge between the top of the third quarter and the start of the fourth quarter. This may propel Bitcoin to $250,000.
Arthur Hayes is Betting on US Liquidity Expansion
Hayes’s optimism is rooted within the expectation of new liquidity coming from the United States. He defined that the US Treasury is planning a foreign money enlargement coverage, and a sequence of steady fee cuts from the Fed are anticipated. He says that if the Treasury will increase foreign money provide, it is going to have a optimistic short-term impact on Bitcoin. This is particularly true if the Fed cuts rates on the similar time.
Recent occasions on the Fed have been barely extra complicated than Hayes’s prediction. Some Fed officers who voted for the September fee minimize have since expressed reservations about additional cuts in October throughout public speeches on Monday.
Trump, the Fed, and the Printing Press
Hayes predicts that President Donald Trump’s makes an attempt to oust present Fed members will in the end succeed. He believes they are going to be changed with officers who’re favorable to his insurance policies.
“Trump is making an attempt to take away forces that oppose him from the Fed and fill it with individuals who agree along with his insurance policies,” he stated.
He believes this can in the end lead to more cash printing and continued expansionary financial insurance policies.
On the topic of Bitcoin’s four-year cycle, Hayes remained impartial. He said that the idea may very well be seen as both not working or as nonetheless holding true.
The four-year cycle concept posits that Bitcoin’s value peaks roughly each 4 years. It suggests a main value improve begins six months after a halving occasion, peaking round 550 days later. According to this concept, Bitcoin would hit its value peak in October of this yr.
Hayes confused that the issue he personally pays essentially the most consideration to is liquidity. “As international foreign money provide is predicted to improve, there may be a high risk that the market cycle shall be prolonged.”
He had beforehand praised ENA in early August, solely to promote his $4.6 million holdings shortly after. Later that month, he voiced optimism about HYPE’s value as well, however on Monday, he liquidated his whole $5 million place within the token.
The submit Arthur Hayes: Bitcoin to Hit $250K by Year-End on a Wave of Liquidity appeared first on BeInCrypto.
