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Arthur Hayes insists that Bitcoin will reach $250,000 by the end of the year.
[Arthur Hayes insists that Bitcoin will reach $250,000 by the end of the year] Former CEX co-founder and former CEO Arthur Hayes insists that Bitcoin (BTC) will rise to $250,000 by the end of the year, an increase of about 170%. Hayes believes that Bitcoin has bottomed out, with last week's drop to $80,600 being the lowest point, and it has currently rebounded by about 12%. Hayes pointed out that the U.S. liquidity tightening cycle is nearing its end, with the Federal Reserve having cut rates by 25 basis points in October. The market expects that quantitative tightening (QT) will end as early as the beginning of December, with an 87% probability of further rate cuts on December 10. Coupled with the reset effect from the leveraged liquidations in the crypto market on October 11, this will provide upward momentum for Bitcoin. Although he acknowledges that predictions may deviate, he remains optimistic and holds a long-term bullish outlook.