Arthur Hayes makes bold prediction for Bitcoin price by the end of the year; see analysis
Despite acknowledging the risks of the market, the analyst remains confident that the Fed's monetary policies will boost the price of Bitcoin in the coming months
Wagner Riggs
$BTC Arthur Hayes, co-founder of BitMEX $ETH
macroeconomic analyst and co-founder of the brokerage BitMEX, Arthur Hayes, made a new prediction for the price of Bitcoin in light of the current corrections, which have caused the currency to drop about 30% from its all-time high in January. According to his analysis published on Monday (31), the largest cryptocurrency in the market is expected to surge to $250,000 by the end of the year.
Hayes predicts that the Federal Reserve (Fed), the central bank of the U.S., will yield to pressure and resume quantitative easing (QE) — a monetary policy that central banks use to stimulate the economy — to support the U.S. economy. He argues that this measure will significantly boost the price of Bitcoin.