Summary
- Arthur Hayes stated that Bitcoin is expected to reach $250,000 by year-end.
- He emphasized technology and fiat currency liquidity as the core of Bitcoin's price.
- The Fed's quantitative easing policy could be a major factor in Bitcoin's price rebound.
Bitcoin (BTC) is showing weakness due to recession fears from President Donald Trump's tariff policies, but there is an opinion that it could rise to $250,000 by the end of the year.
On the 31st (local time), Arthur Hayes, the founder of BitMEX, stated in a blog post, "The core of Bitcoin's price is technology and fiat currency liquidity," adding, "If the Federal Reserve (Fed) returns to quantitative easing, Bitcoin will rebound from the bottom."
He further predicted, "While the U.S. stock market may decline due to tariffs, downward revisions of corporate earnings forecasts, or weak overseas demand, Bitcoin is expected to continue rising and reach $250,000 by year-end."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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