Arthur Hayes Predicts Bitcoin to Reach $100K by 2024
Arthur Hayes, the co-founder of Bitmex, has made bold predictions about the future of Bitcoin. He believes that Bitcoin could reach $100,000 by the end of 2024 and potentially soar to $1 million by 2025. Hayes attributes this anticipated surge to the U.S. Treasury’s actions, particularly their liquidity injections into the economy.
In a recent blog post, Hayes noted that the moves that are expected from Yellen, the U.S. treasurer, would affect most markets, including Bitcoin. He stated that with constant addition of money by the US Treasury through budget deficits could boost the Bitcoin price to new highs. Hayes particularly highlighted that Yellen might pump between $301 billion and $1.05 trillion into the economy by year-end. According to Hayes, there are potential scenarios where Bitcoin bears might lose control, and recent dips and falls may be short-lived with BTC rising to $100,000.
Arthur Hayes Envisions Record-Breaking Bitcoin Gains Amid U.S. Policy Shifts
In further detail, Hayes forecasts a brighter outlook for 2025. He believes that once the issue of raising the debt ceiling in the US is addressed, there will be a lot of cash flows from the Treasury in addition to the Federal Reserve. He says that it will ultimately create the perfect environment for a mammoth bull market in Bitcoin, as the price could skyrocket to $1 million.
He also briefly discussed the November election in the United States, where he stated that changes in this election would also raise the issue of market uncertainty. He says that he would rather completely resume new bond sales after the election and once the issue of the debt ceiling is out of the way.
Finally, Arthur Hayes refers to a bright future in a bull market for cryptocurrencies, especially Bitcoin, promoted by the decisions of the US government and the overall global situation, which can bring record-breaking gains to investors in the next few years.
The post Arthur Hayes Predicts Bitcoin to Reach $100K by 2024 appeared first on Live Bitcoin News.
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