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## Arthur Hayes Foresees the Federal Reserve Boosting Bitcoin to $250,000: The Reasoning
* Bitcoin has encountered difficulties since Trump assumed power.
* However, observers anticipate a possible reversal in the near future.
*Note: A prior iteration of this analysis was featured in The Roundup bulletin on March 21st. Subscribe there for additional content!*
Greetings, everyone! I’m Eric.
Will Bitcoin soon surge dramatically?
Arthur Hayes, Chief Investment Officer at Maelstrom, believes so, forecasting that the leading digital currency might reach $250,000 before the year concludes.
His conviction stems from signals from Federal Reserve Chairman Jerome Powell suggesting that the central bank will infuse additional capital into the American financial system.
“Remain adaptable and maintain readily available funds,” Hayes posted on social media.
His optimism arises as the digital currency sector encounters obstacles.
Since Donald Trump’s return to the presidency, his inconsistent trade policies have persistently destabilized markets – resulting in a 21% decrease in the overall value of the digital currency market. The S\&P 500 and Nasdaq 100 have also experienced declines, falling by approximately 6% and 9% respectively during the same timeframe.
Even Ripple’s triumph over the Securities and Exchange Commission and the President’s supportive remarks regarding digital assets have not been sufficient to rescue the market from its downturn.
Hayes contends that Trump’s strategies are intended to provoke anxieties about an economic downturn, compelling the Federal Reserve to diminish the dollar’s value and saturate the market with capital. A prominent economist even speculates that Bitcoin could potentially contribute to unseating the dollar.
“They will be even more proactive with economic stimulus and currency creation than ever before,” Hayes stated in early March.
This is favorable news for Bitcoin – an increase in market capital implies greater funds available to invest in higher-risk assets such as digital currencies and technology equities.
However, not all individuals are persuaded.
Ki Young Ju, Chief Executive Officer of the digital currency analytics company CryptoQuant, asserts, “Each on-chain metric is indicating a bear market.” Toncoin (TON) Value Forecast for March 26th
At the beginning of the week, forecasts indicated an impending bear market or horizontal trading pattern for the subsequent semester or annum.
Despite the Solana Foundation’s removal of their advertisement, it hasn’t deterred individuals from ridiculing it.
**Weekly Noteworthy Events**
Prominent venture capital firm Andreessen Horowitz has reaffirmed its supportive position on cryptocurrencies, imploring the SEC to entirely discard the prior Chairman Gary Gensler’s approach to digital assets.
Following the SEC’s dismissal of the Ripple lawsuit, the probability of an XRP exchange-traded fund gaining approval has significantly risen. JPMorgan Chase anticipates that an XRP ETF could attract inflows of up to $8 billion during its initial year of listing.
Solana ignited controversy within the cryptocurrency sphere with a “subpar” video advertisement.
The MAGA movement has reaped substantial benefits from contributions originating from the cryptocurrency sector; however, this does not imply that the sector can capitalize on echoing right-wing pronouncements. The Solana Foundation disseminated an advertisement this week that encountered considerable online criticism, and they ought to glean insights from this occurrence.
A16z presented a comprehensive 50-page cryptocurrency document to the U.S. Securities and Exchange Commission to underscore its political sway.
