BitMEX co-founder Arthur Hayes recently expressed confidence that Bitcoin will reach $250,000 by the end of 2025, despite current price declines.
Hayes' Prediction
Arthur Hayes commented on the situation with Bitcoin, emphasizing that BTC does not respond to US 'Liberation Day' as expected. He pointed to the importance of April 15 for the Bitcoin market. Hayes believes that if Bitcoin holds above $76,500 by this deadline, the market can overcome current uncertainties.
Impact of Tax Day on the Market
April 15 is a critically important date for tax reporting in the US, especially regarding cryptocurrencies. Many analysts, including Hayes, warn that Bitcoin and other cryptocurrency prices may face downward pressure ahead of tax season. Investors may sell their assets to cover tax liabilities, leading to short-term price declines.
Future of Bitcoin
According to Hayes, the US Federal Reserve may begin printing money, which along with increased fiat liquidity, could lead Bitcoin to reach the $250,000 forecast by the end of 2025.
Despite the current volatility in cryptocurrency prices and potential short-term selling, Arthur Hayes maintains an optimistic outlook on Bitcoin's future, linking it to political and economic factors.
