Arthur Hayes' prediction that Bitcoin will reach $250,000 by the end of 2025 hinges on the Federal Reserve shifting to quantitative easing, increasing liquidity and weakening the dollar, which boosts scarce assets like Bitcoin. Historical Bitcoin cycle analysis shows strong rallies post-halvings, but volatility is common, with corrections of 20-30%. Current market data suggests cautious optimism, with 60% of traders expecting a peak around $110,000. While Hayes' forecast is plausible, it requires ideal economic conditions. I believe $150,000 is more realistic, balancing historical trends and market sentiment.