Why Bitcoin Billionaire Arthur Hayes Expects BTC to Hit $200K by March
Arthur Hayes predicts Bitcoin will surge to $200,000 before dropping to establish a new bottom above $124,000. He attributes the prospective price spike to the Federal Reserve’s introduction of “Reserve Management Purchases” (RMP), which he compares to quantitative easing (QE) and interprets as a form of money printing. Hayes argues that continued expansion of the money supply drives Bitcoin and other assets, like gold, higher. Although he previously forecasted a $250,000 Bitcoin by year’s end, he now expects BTC to trade within $80,000–$100,000 for the rest of the year. Hayes anticipates that, as markets equate RMP to QE, Bitcoin will swiftly surpass $124,000 and rapidly approach $200,000 in the new year, before retreating to a level safely above $124,000. He also expresses interest in the ENA token as a play on differences between traditional finance and crypto rates. At the time of his comments, Bitcoin’s price was about $88,000. Separately, CryptoQuant noted that Bitcoin has entered a bear market, citing declining market indicators.
