Arthur Hayes predicts Bitcoin will rise to $110,000 before retracing to $76,500

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Arthur Hayes, co-founder of BitMEX, predicts that Bitcoin’s price will rise significantly. He believes it will surpass $110,000 before dropping to $76,500. This prediction comes as the Federal Reserve shifts from tightening to easing its monetary policy.

Hayes thinks this change will add liquidity to the market, boosting Bitcoin’s value. He is not worried about tariffs affecting Bitcoin’s price and considers inflation to be temporary.

Markus Thielen, founder of 10X Research, shares a similar optimistic view. He suggests that Bitcoin may have hit its lowest point recently and is ready for a rebound. Thielen points to the Fed’s relaxed approach to inflation and former President Trump’s flexible stance on tariffs as factors that could improve market sentiment and investor confidence.

Thielen notes that the Fed’s willingness to overlook short-term inflation could lead to future easing of monetary policy. He believes that the current political climate and positive economic forecasts have made Bitcoin’s outlook more favorable. Additionally, he highlights the behavior of Bitcoin holders and the performance of exchange-traded funds (ETFs) as supportive factors for Bitcoin’s price.

Thielen argues that Bitcoin is unlikely to enter a severe bear market. He believes that many large Bitcoin holders are long-term investors, which stabilizes the market. Furthermore, there has been a return of inflows to US-based spot Bitcoin ETFs, which is seen as a positive development.

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