Bitcoin and Ethereum Forecast by Arthur Hayes Indicates Potential Records
Ready to dive into the crypto world? Let's dissect the latest buzz from BitMEX co-founder, Arthur Hayes!
Hayes foresees Bitcoin (BTC) breaking its all-time high, mainly attributed to the announcement by Federal Reserve Chair Jerome Powell about slowing Quantitative Tightening (QT) by April 1. According to him, this move could lead to a massive surge in Bitcoin's value.
Hayes is convinced that the next crypto boom will be ignited by the Fed's possible shift from QT to Quantitative Easing (QE), a strategy that generally results in increased market liquidity and asset appreciation. He's so confident that he stated, "I bet BTC hits $110,000 before it retests $76,500."
As of now, Bitcoin is selling at $88,003, but Hayes remains hopeful that it will climb to $110,000 before facing any significant corrections.
Moving on to Ethereum (ETH), Hayes predicts it will surpass Solana (SOL) and reach $5,000 before Solana reaches $300. At the time of writing, Ethereum is valued at $2,068, while Solana trades at $144.
Hayes' optimism towards Ethereum is fueled by its robust network, diverse range of applications, and its leading position in the Decentralized Finance (DeFi) market.
These predictions align with the general sentiment in the crypto community, who see the Fed's policy changes as a catalyst for positive market activity in digital assets. If Hayes' forecast proves accurate, a Bitcoin rally to $110,000 and Ethereum surging to $5,000 could signal the start of a new bull market.
- The potential slowdown in Quantitative Tightening (QT) by the Federal Reserve, as suggested by Chair Jerome Powell, could potentially lead to increased investing in treasuries, as it may result in increased market liquidity and asset appreciation.
- Arthur Hayes, BitMEX co-founder, sees inflation as a possible consequence of the Fed's shift from QT to Quantitative Easing (QE), which he believes could potentially drive the value of Bitcoin (BTC) up to $110,000.
- Hayes' optimism towards Ethereum (ETH) could potentially be triggered by its strong position in the Decentralized Finance (DeFi) market and its robust network, potentially leading to its value surpassing Solana's (SOL) $300 mark before Ethereum reaches $5,000.
- If Hayes' predictions hold true, the crypto world could potentially witness a new bull market, with Bitcoin (BTC) hitting $110,000 and Ethereum (ETH) soaring to $5,000, due to the positive impact of the Fed's policy changes on digital assets.
