Arthur Hayes, the co-founder of BitMEX and renowned for his audacious views on Bitcoin (BTC) and alternative cryptocurrencies, has recently shared new insights.
He reiterated his ambitious prediction that Bitcoin could reach $200,000 but expressed skepticism about the traditional four-year bull market cycle associated with it.
Hayes conveyed his belief that the established four-year cycle for Bitcoin is no longer applicable and anticipates prices surpassing the $200,000 mark.
In a conversation with Kyle Chasse, Hayes elaborated on how macroeconomic liquidity influences both Bitcoin and the broader cryptocurrency landscape.
He pointed out that there is a prevailing sentiment in the market suggesting that entities like the Federal Reserve, US Treasury Department, and various global central banks will inject liquidity by printing money and buying bonds.
“The US Federal Reserve (FED), along with Treasury officials and central banks worldwide, will enhance liquidity through bond acquisitions and currency issuance. In such circumstances, cryptocurrencies like Bitcoin may outperform conventional assets such as the S&P 500.”
“Moreover, Bitcoin’s trajectory is now more closely aligned with macroeconomic shifts rather than mining cycles. Consequently, driven by these macro factors, we could see Bitcoin soaring to between $150,000 to $200,000 by late 2025.”
*This should not be considered as investment advice.