Arthur Hayes, a renowned crypto analyst and BitMEX founder, has made a bold prediction on Bitcoin's future price, expecting it to reach $110K with an aim for the ambitious $250K mark.
Arthur Hayes' Bitcoin Price Prediction
Crypto trader and analyst Arthur Hayes suggested that Bitcoin might retest the $76.5K level, sparking diverse reactions among cryptocurrency enthusiasts and investors. However, Hayes clarified that the probability of Bitcoin reaching $110K is higher, given various macroeconomic factors.
Impact of Macro Policies on BTC's Value
Arthur Hayes emphasizes that macroeconomic policies will drive Bitcoin's next major price surge. He predicts a shift from Quantitative Tightening (QT) to Quantitative Easing (QE) for U.S. Federal Reserve treasury operations, which could positively impact Bitcoin. This expectation is based on the fundamental relationship between monetary policy and asset valuations.
Record-Breaking Bitcoin Open Interest
According to CryptoQuant, Bitcoin (BTC) open interest has exceeded $32 billion. This surge coincided with Bitcoin's recent price increase, fueling excitement among traders. However, the phenomenon poses the risk of liquidation cascades amid market volatility.
Arthur Hayes' predictions of Bitcoin's price growth are based on current macroeconomic conditions and market data, though high volatility and significant risks continue to characterize cryptocurrency trading.
