Arthur Hayes, co-founder of BitMEX, continues to share his insights on Bitcoin's price trajectory. Amid positive market momentum, he has made another bold forecast.
Arthur Hayes' Predictions
Arthur Hayes believes that Bitcoin's price will reach $110,000 before declining to $76,500. His projections are based on the Federal Reserve's shift from quantitative tightening to quantitative easing for Treasury bonds.
The Role of the Federal Reserve
Hayes argues that the Federal Reserve's move to quantitative easing, along with tariffs having minimal effect due to transitory inflation, will support Bitcoin's rise. Fed Chair Jerome Powell also stated that banks could work with crypto clients if they manage risks properly.
Regulatory Changes and Market Growth
The Federal Reserve has also revised its approach to evaluating master account applications, dropping the 'reputational risk' factor. Additionally, President Donald Trump has signed an order for a strategic Bitcoin reserve, which could strengthen Bitcoin's position as an asset.
Arthur Hayes' predictions and the Federal Reserve's policy changes could significantly impact the development of the cryptocurrency market.
