Arthur Hayes Predicts Bitcoin Reaching $250,000 If the Fed Shifts to Quantitative Easing

Arthur Hayes, former CEO of BitMEX, has predicted that Bitcoin (BTC) could soar to $250,000 by the end of the year. However, this prediction is contingent on the US Federal Reserve (Fed) shifting its monetary policy toward Quantitative Easing (QE). Bitcoin to $250,000, Hayes Predicts Hayes argues that a halt in Quantitative Tightening (QT) and a return to liquidity injections would trigger a substantial Bitcoin rally. “If my analysis regarding the interplay of the Fed, Treasury, and banking system is correct, then Bitcoin hit a local low of $76,500 last month, and now we begin the ascent to $250,000 by year-end,” read an excerpt in his latest blog source: https://beincrypto.com/arthur-hayes-bitcoin-250000-qe/