Fed will make Bitcoin jump to $200,000, says Arthur Hayes
Arthur Hayes, founder of BitMex, believes that Bitcoin could double in value, reaching the range of $200,000 per unit. The appreciation would be caused by the Treasury bond buyback program by the Fed, the American central bank.
At the beginning of the year, when Bitcoin was quoted above $100,000, the billionaire asserted that the cryptocurrency would fall to $70,000. The currency hit a low of $74,500 in April, very close to his target.
That is, although he is a big fan of Bitcoin, Hayes is more concerned about making money than defending a fixed narrative, unafraid to publish his analyses.
