Arthur Hayes Forecasts Bitcoin Will Hit $200,000 In Next Bull Run, Anticipates Revival Of Fortunes For This ‘Hated’ Coin
Arthur Hayes, Chief Investment Officer of Maelstrom and co-founder of BitMEX, anticipated Bitcoin (CRYPTO: BTC) to approach $200,000 in its upcoming bull run, fueled by increased fiat liquidity, according to a Sunday report.
What Happened: During an interview with Forbes, Hayes expressed confidence about Bitcoin’s continued dominance, which would eventually spark an altcoin season. He estimates Bitcoin to go close to $200,000 and eventually hit $250,000 by year-end.
Hayes linked this potential surge to the government’s need to borrow more funds, which would increase liquidity in the market.
“I believe that the U.S. government has to borrow more money than what we think, and therefore, [Treasury Secretary Scott Bessent] will have to issue more debt,” Hayes said. “That means that there’s …
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