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Arthur Hayes, co-founder of BitMEX, has made notable predictions regarding Bitcoin's price trajectory:
Short-Term Outlook: In January 2025, Hayes forecasted a potential short-term correction, with Bitcoin's price possibly dropping to between $70,000 and $75,000. He attributed this to rising U.S. Treasury yields and increasing inflation, which could lead to tighter liquidity and reduced appeal for riskier assets like cryptocurrencies.
End-of-2025 Prediction: Despite the anticipated short-term dip, Hayes projected that Bitcoin could reach approximately $250,000 by the end of 2025. He believes that financial distress caused by economic factors may prompt major economies to implement quantitative easing measures, thereby driving significant capital into Bitcoin.
Long-Term Forecast: Looking further ahead, Hayes suggested that Bitcoin's price could soar to between $750,000 and $1 million by 2026. This optimistic outlook is based on factors such as potential economic downturns leading to near-zero interest rates, the impact of Bitcoin's halving events, and the introduction of Bitcoin exchange-traded funds (ETFs) by major asset managers.
It's important to note that these projections are speculative and influenced by various macroeconomic factors. Investors should exercise caution and conduct thorough research when considering such forecasts.