Bitcoin Boom Ahead
Bitcoin Primed for Surge, Claims Arthur Hayes, Citing Federal Reserve's Actions
Get ready for Bitcoin to skyrocket - hitting $150,000 this year - before altcoins follow suit, according to billionaire crypto mogul Arthur Hayes. The former BitMEX boss made these bold predictions in a recent interview, attributing the price surge to the Federal Reserve's continued money printing.
Hayes believes that we're in for a wild ride with risk assets, much like we saw in 2022 until early 2025. He thinks inflation will persist, further benefiting crypto as a hedge against irresponsible central bank monetary policies.
"The setup is perfect for a rally on risk assets," Hayes says, "given the fear, uncertainty, and doubt in the markets. The monetary authorities, especially in America, cannot handle that, so they're going to resort to money printing."
Bitcoin enthusiasts usually view Bitcoin as a shield against these very monetary strategies since previous Bitcoin rallies have been particularly strong when the Fed lowers interest rates and floods the market with cheap money. Currently, Bitcoin is trading at around $96,230, a 1.5% increase over the past day, according to CoinGecko data.
Since the approval of spot Bitcoin exchange-traded funds last year, fresh capital has flooded into the Bitcoin market. These investment vehicles allow regular investors to buy shares that track Bitcoin's price through their brokerage accounts.
Hayes also believes that Ethereum and Solana will follow Bitcoin's lead in a price surge later this year. Yet, it's worth mentioning that Hayes themselves admitted last year their short-term market prediction accuracy to be "pretty shit."
All in all, Hayes' bullish outlook for Bitcoin and the crypto market is influenced by macroeconomic factors such as central bank policies and investor sentiment. Regardless of his accuracy, his belief in the potential of cryptocurrencies to thrive during economic uncertainty remains firm.
Edited by Andrew Hayward
- Arthur Hayes, a billionaire crypto mogul and former BitMEX boss, expects Bitcoin to reach an astonishing $150,000 this year, with altcoins following suit subsequently.
- Hayes believes the forthcoming Bitcoin boom and future price surges in altcoins are a result of the Federal Reserve's continued money printing.
- He predicts that risk assets will experience a wild ride, similar to what occurred in 2022 until early 2025.
- Inflation persisting and benefiting crypto as a hedge against irresponsible central bank monetary policies are factors contributing to this positive outlook, according to Hayes.
- Hayes noted that the setup is ideal for a rally on risk assets, given the prevailing fear, uncertainty, and doubt in the markets.
- The monetary authorities, especially in America, are expected to resort to money printing to manage the situation, according to Hayes.
- Bitcoin is currently trading at around $96,230, with a 1.5% increase over the past day, as reported by CoinGecko data.
- Since the approval of spot Bitcoin exchange-traded funds last year, fresh capital has flooded into the Bitcoin market, providing opportunities for regular investors to buy shares tracking Bitcoin's price through their brokerage accounts.
- Hayes also predicts that Ethereum and Solana will see a price surge later this year, analogous to Bitcoin's expected rally.
- Despite Hayes' less-than-stellar short-term market prediction accuracy last year, his unwavering belief in the potential of cryptocurrencies to thrive during economic uncertainty remains intact, as evidenced by his bullish outlook for Bitcoin and the crypto market.
Edited by Andrew Hayward
