Arthur Hayes Bets on Bitcoin Reaching $110,000 Before Falling to $76,500

As the Federal Reserve transitions to quantitative easing, Arthur Hayes, co-founder of BitMEX, is confident that Bitcoin will reach $110,000 before dropping to $76,500.

Arthur Hayes, co-founder of BitMEX, has made another forecast, predicting that Bitcoin (BTC) will hit $110,000 before dropping to $76,500 as a result of the Fed's transition from tightening to easing for treasuries.

In an X post on March 24, Hayes stated that the Federal Reserve appears to be transitioning from quantitative tightening to quantitative easing for treasuries, and tariffs are no longer a concern because inflation is considered "transitory."

While it remains to be seen whether Hayes' latest prediction will come true, his statement aligns with growing market expectations that the Federal Reserve will end its QT program by May, as data from prediction markets Polymarket recently indicated a 100% probability that the Fed will halt QT by April 30.

Ending QT could be a major catalyst for risk assets like cryptocurrencies, with analysts forecasting that the liquidity injected into the market could ignite a new bull market.

Hayes has a track record of changing his views on the cryptocurrency market. In September 2024, he reversed a previous forecast, admitting he had been mistaken about Bitcoin's short-term direction, stating in a commentary for news outlets that he reserves the "right to change my mind as the situation evolves."

In an X post on Feb. 25, Hayes cautioned that Bitcoin's price could drop as low as $70,000 if large hedge funds unwound their positions in spot Bitcoin exchange-traded funds. However, less than a month later, as market dynamics shifted, Hayes revised his analysis, declaring in an X post on March 20 that Bitcoin's price had likely reached its bottom at $77,000.