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# Arthur Hayes Executes a U-Turn, Forecasts Bitcoin Surge to $110,000
* The Principal Investment Officer at Maelstrom was pessimistic about Bitcoin earlier this month.
* A later signal from the Federal Reserve altered his view.
It seems that March might end up favorably in the end.
Earlier in March, Arthur Hayes anticipated Bitcoin would “discharge” downwards to approximately $75,000.
At that time, Bitcoin was being exchanged below $80,000.
Presently, circumstances have shifted.
Hayes, the co-creator of BitMEX and CIO of crypto fund Maelstrom, penned on Monday, “I’m wagering [Bitcoin] attains $110,000 before it retests $76,500.” Bitcoin was being exchanged around $88,336.
Hayes anticipates the Federal Reserve to augment its bond acquisitions, consequently infusing capital into the economy and diverting focus to risk-on assets such as Bitcoin.
“They are going to re-inflate and print more currency than ever before,” Hayes expressed in early March.
Last week, Fed Chair Jerome Powell communicated that the central bank would decelerate the continuous contraction of the central bank’s balance sheet — recognized as quantitative tightening — commencing next month.
The market responded favorably.
Of late, investors have been alarmed by commerce and tariff intimidations from U.S. President Donald Trump.
While crypto is positioned to gain from regulatory tailwinds and Trump’s plea for a digital asset strategic reserve, wider market apprehensions have burdened prices.
While gold has ascended to new milestones above $3,000 per ounce, Bitcoin has been acting more like a tech stock, ascending and descending with the Nasdaq.
The Nasdaq and other stock benchmarks additionally rallied on Monday.
Should Bitcoin indeed succeed in reaching the $110,000 mark, Hayes indicated the sky’s the limit.
“It’s Yahtzee time, and we aren’t glancing back until we attain $250,000,” Hayes composed.
*Andrew Flanagan serves as a markets reporter for DL News.*
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