Arthur Hayes, former CEO of BitMEX, has made a bold prediction regarding a significant rise in Bitcoin prices by 2025, linking it to U.S. and Chinese monetary policies along with potential yuan devaluation.
Possible Reasons for Bitcoin Price Increase
Hayes predicts Bitcoin could reach $250,000 due to macroeconomic measures like quantitative easing (QE) from the U.S. Federal Reserve and the devaluation of the yuan by the People's Bank of China.
Impact of Monetary Policy on Crypto Market
Key factors influencing the forecast include shifts in major central bank policies. Hayes points out that during past yuan devaluations in 2013 and 2015, there was a noticeable increase in interest in Bitcoin as an alternative asset.
Investor Outlook and Expectations
Investor sentiment shows significant optimism, reflected in reactions on Twitter and within blockchain communities. According to Ben Zhou, historical data suggests that Bitcoin demand spikes in response to yuan depreciation.
Arthur Hayes remains confident that potential regulatory shifts could favor Bitcoin. Historical patterns support the notion that monetary easing and uncertainties surrounding fiat currencies tend to increase interest in Bitcoin and cryptocurrencies.
