Arthur Hayes Predicts $100,000 For Bitcoin Due To US Treasury Actions
Portfolio Pulse from Khyathi Dalal
Arthur Hayes, co-founder of BitMEX, predicts a significant bull run for Bitcoin, potentially reaching $100,000, driven by U.S. Treasury actions. He highlights the impact of liquidity management strategies by U.S. Treasury Secretary Janet Yellen and the Federal Reserve’s Reverse Repo Program. Hayes also foresees a larger liquidity injection in 2025, which could further boost Bitcoin and other risk assets.
August 14, 2024 | 7:37 pm
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Arthur Hayes forecasts Bitcoin reaching $100,000 due to U.S. Treasury actions and liquidity injections. He suggests that current market conditions present a buying opportunity for crypto investors.
Hayes' prediction is based on expected liquidity injections by the U.S. Treasury and the Federal Reserve’s Reverse Repo Program, which could boost Bitcoin's value. His analysis suggests a strong positive impact on Bitcoin's price in the short term.
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