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