BitMEX co-founder Arthur Hayes has shifted his stance on Bitcoin’s price trajectory, now predicting that the cryptocurrency could soar to $110,000 before any significant correction occurs. In a recent social media post, Hayes cited the potential shift in US monetary policy as a key factor driving his bullish outlook.
Hayes pointed to the Federal Reserve’s anticipated move from quantitative tightening (QT) to quantitative easing (QE) as a catalyst for Bitcoin to surpass its previous all-time highs. He dismissed concerns about inflation and rising tariffs, emphasizing that monetary policy will play a crucial role in shaping Bitcoin’s path forward.
“The Fed is pivoting from QT to QE for treasuries,” Hayes stated, suggesting that the central bank’s actions could mirror past market interventions. If Bitcoin manages to reclaim its peak of $110,000, Hayes believes that further upside to $250,000 could be on the horizon.
While Hayes is more optimistic about Bitcoin’s potential rally to $110,000 in the near term, he remains cautious about the possibility of a pullback to $70,000 levels once the market peaks. He warned that exuberant liquidity-driven growth could lead to market overextension.
As of the latest data, Bitcoin was trading around $88,460, reflecting a more than 4% increase over the past 24 hours. Hayes’ bullish outlook is in line with other optimistic market predictions, such as those from 10X Research, which suggested that Bitcoin may have already hit bottom.
10X Research observed early signs of a bottom formation, attributing the shift to macroeconomic and geopolitical developments. Positive signals from President Donald Trump regarding trade policy and easing inflationary pressures further bolstered the case for a potential Bitcoin recovery.
The recent FOMC meeting confirmed expectations of a more accommodative Federal Reserve stance, reinforcing the bullish sentiment surrounding Bitcoin. These macroeconomic shifts, combined with improving technical indicators, suggest that Bitcoin could be on track to establish a durable bottom and potentially see a recovery in the coming weeks.
In conclusion, Hayes’ revised bullish outlook on Bitcoin’s price trajectory reflects a growing optimism within the cryptocurrency market. With supportive macroeconomic conditions and improving technical signals, Bitcoin could be poised for further gains in the near future.