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BitMEX Founder Sees Bitcoin Skyrocketing to $100K with US Liquidity Boost

13.08.2024 19:00 1 min. read Alexander Stefanov
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BitMEX Founder Sees Bitcoin Skyrocketing to $100K with US Liquidity Boost

BitMEX founder and former CEO Arthur Hayes has shared his latest insights on Bitcoin (BTC) and the broader crypto market.

In his recent article, Hayes predicts that a major liquidity boost from the US Treasury could spark a significant bull run for cryptocurrencies in 2025.

Hayes forecasts that the US Treasury might inject between $301 billion and $1.05 trillion into the market by the year’s end. He believes this influx of capital could help Bitcoin rebound from recent declines, which were partly driven by a stronger Japanese yen.

Hayes anticipates that Bitcoin could reach $100,000, buoyed by this liquidity and the upcoming US elections.

Regarding the timing of an altcoin rally, Hayes suggests that significant gains in the altcoin sector will not materialize until Bitcoin surpasses $70,000 and Ethereum exceeds $4,000.

He notes that while Bitcoin and Ethereum have been experiencing corrections since April, they have been less impacted compared to other cryptocurrencies.

Hayes also mentions that while Solana could rise above $250, its impact on the overall crypto market will be less substantial compared to Bitcoin and Ethereum.

He expects that a year-end rally in Bitcoin and Ethereum, driven by US liquidity, will set the stage for a resurgence in altcoins, predicting a potential market breakout starting in September.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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