Arthur Hayes Predicts Bitcoin Will Hit $1 Million in 2025 as US Treasury Actions Propels Market
- WBOYOriginal
- 2024-08-14 00:38:11394browse
Arthur Hayes, Chief Investment Officer at Maelstrom and Co-Founder and former CEO of bitmex outlines how U.S. Treasury actions could propel Bitcoin to new heights and spark a major bull run in 2025.
Arthur Hayes, former CEO of BitMEX and Chief Investment Officer at Maelstrom, recently shared his views on the future of Bitcoin and the crypto market at large. Hayes outlines how actions by the U.S. Treasury could propel Bitcoin to new record highs and spark a major bull run in 2025. Here's a closer look at his analysis.
According to Hayes, the issuance of T-bills by the U.S. Treasury is a key factor in the movement of Bitcoin. When the Treasury issues more T-bills, it injects liquidity into the market by releasing funds from the Federal Reserve's balance sheet into the economy. Hayes highlights that as more liquidity enters the market, finite assets like Bitcoin are likely to see significant gains.
Hayes believes that the altcoin market will only see substantial gains after Bitcoin and Ethereum break through key price levels - $70,000 for Bitcoin and $4,000 for Ethereum. Until these levels are reached, altcoins are expected to underperform.
Hayes plans to increase his crypto holdings during periods of market weakness, especially as the U.S. election approaches in November 2024. He expects a strong rally in the crypto market leading up to the election and suggests taking profits during this time. However, he advises waiting until after the U.S. debt ceiling issue is resolved before making major investment decisions.
Looking ahead to 2025, Hayes is optimistic about a major bull market fueled by U.S. and Chinese fiscal stimulus. He predicts that Bitcoin could reach $1 million during this period.
Hayes' analysis highlights the potential for substantial gains in the crypto market, particularly for Bitcoin and Ethereum, as global liquidity increases. With his strategic insights, Hayes offers a roadmap for navigating the crypto landscape leading up to 2025. Crypto investors may want to pay close attention to the actions of the U.S. Treasury and the outcome of the U.S. election as they plan their next moves.
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