Bitcoin Could Rise to $110K as Fed Easing Approaches, Says Arthur Hayes

Arthur Hayes predicts that Bitcoin will soon reach $110,000, expecting a shift in the Federal Reserve's policy towards quantitative easing as a major catalyst.

Bitcoin trading volume increased by 74 percent with rising futures activity, supported by strong institutional buying and ETF inflows throughout the week.

Metaplanet purchased 150 more BTC, bringing its total to 3,350 BTC, while Eric Trump joined its board to expand Bitcoin acquisition plans.

Former BitMEX CEO, Arthur Hayes, has stated that Bitcoin could soon reach $110,000 before pulling back to the $76,500 range. He linked this potential movement to expectations that the U.S. Federal Reserve will shift from its current quantitative tightening strategy to a more accommodative stance through quantitative easing.

Hayes believes that the anticipated change in monetary policy would help boost Bitcoin prices. He also dismissed concerns about new U.S. trade tariffs, describing the impact as fleeting. His comments follow his earlier suggestion that Bitcoin may have found a bottom near $77,000, which he sees as a solid base for further upward movement.

BTC sees strong market activity

Bitcoin traded at $86,758 during the start of trading on Monday, marking a daily gain of 3.17 percent. Trading volumes increased by 74 percent, reaching $16.69 billion, indicating greater buying interest. According to Coinglass,