Arthur Hayes Predicts Bitcoin to Hit $110,000 Amid Fed Policy Shift
Arthur Hayes, co-founder of BitMEX, believes Bitcoin (BTC) will soar to $110,000 before falling to $76,500. This prediction is linked to the Federal Reserve’s policy shift.
Hayes shared this forecast on Twitter. He noted that the Fed is moving from quantitative tightening to easing for treasuries. This change, along with the belief that inflation is temporary, could boost Bitcoin’s price. The market seems to agree,with prediction markets like Polymarket showing a 100% chance the Fed will end its QT program by April 30.
Ending QT could inject liquidity into the market, perhaps sparking a new bull run for cryptocurrencies. Though, Hayes has changed his views before. In September 2024, he admitted he was wrong about bitcoin’s short-term direction. In a recent post,he warned of a potential drop to $70,000 if hedge funds sell their Bitcoin ETF positions. Yet, he now thinks Bitcoin has bottomed out at $77,000. His evolving stance reflects the dynamic nature of the crypto market.
