BitMEX co-founder sees Bitcoin reaching $110k before plunging below $77k

While the federal reserve moves to quantitative relaxation, the co-founder of Bitmex, Arthur Hayes, seems confident to bet on Bitcoin reaching $ 110,000 before moving to $ 76,500.

Arthur Hayes, BitmexThe co-founder is back with another prediction, this time saying Bitcoin (BTC) will reach $ 110,000 before moving to $ 76,500, thanks to the passage from the Fed, from tightening to relaxation for treasury bills.

In a March 24 x jobHayes explained that the federal reserve seems to be from quantitative tightening to quantitative relaxation for treasury bills, and that prices no longer count because inflation is considered “transient”.

Although it remains to be seen whether another prediction of Hayes will take place or not, its declaration aligns with the growing expectations of the market that the federal reserve will end its QT program by May, as data According to the prediction markets, Polymarket recently recorded a 100% probability that the Fed will cease QT by April 30.

The end of the QT could be a large catalyst for risk assets such as cryptocurrencies, analysts predicting that the liquidity injected into the market could trigger a new bull market.

Hayes has a history of modifying his opinions on the cryptography market. In September 2024, he reversed a previous forecast, recognizing that he was mistaken in the short -term management of Bitcoin, declaring in a comment For the media that he reserves the “right to change their mind as the situation evolves”.

In a February 25 x postHayes warned that the Bitcoin price could fall as low as $ 70,000 if the major hedge funds relax their positions in Bitcoin in exchange. However, less than a month later, as the market dynamics have evolved, Hayes adjusted its analysis, declaring in a March 20 x Post The price of this bitcoin had probably reached its background at $ 77,000.