BitMEX Co-Founder Arthur Hayes Predicts All-Time High Rallies for Bitcoin and Ethereum

Arthur Hayes, co-founder of BitMEX, has stirred conversations within the cryptocurrency community with his bold prediction of sustained rallies for Bitcoin (BTC) and Ethereum (ETH) towards new all-time highs. According to Hayes, these potential surges align with the Federal Reserve's (Fed) recent monetary policy adjustments. Speaking on social media platform X, the crypto veteran projected that Bitcoin could surpass its previous record, aiming for $110,000, based on Fed Chair Jerome Powell's announcement to ease the pace of quantitative tightening. Hayes believes this shift towards quantitative easing (QE) could propel the BTC price rally, rerouting from QT, which typically constrains market liquidity. The central concept here is QE—a strategy where central banks inject fresh money into the economy, thus driving asset accumulation and subsequently market investments. Predicated on historical patterns, Hayes anticipates Bitcoin prices to hit the $110,000 mark before revisiting $76,500. Currently, Bitcoin is trading near $87,641. Similarly, Ethereum is forecasted to reach a peak of $5,000 before its layer-1 rival, Solana, attains $300, highlighting Hayes's strategic insights into market movements. At present, ETH stands at $2,068, and SOL at $144. This analysis, driven and reviewed by artificial intelligence, offers a significant perspective into the ongoing developments within the crypto economy.