EddieJayonCrypto
8 May 25
Bitcoin is expected to reach $150,000 this year before altcoins rally, according to crypto billionaire Arthur Hayes. He attributes this potential surge to ongoing inflation and anticipated money printing by U.S. monetary authorities. Hayes compares the current market setup to late 2022, marked by fe...
Bitcoin is forecasted to skyrocket to $150,000 in 2024, propelled by U.S. monetary policy and persistent inflation, according to crypto magnate Arthur Hayes.He predicts that following Bitcoin's surge, altcoins such as Ethereum and Solana will also experience a rally. Hayes links this outlook to ongoing inflation and the expectation of further money printing by U.S. monetary authorities.Hayes draws parallels between the current market environment and late 2022, a period characterized by fear and uncertainty, which he believes will precede a rally in risk assets.Recently, Bitcoin traded around $96,230, buoyed by the Federal Reserve’s decision to maintain steady interest rates. Additionally, the approval of spot Bitcoin ETFs has injected fresh capital into the market, making Bitcoin more accessible to ordinary investors.While bullish on Bitcoin’s potential rise, Hayes cautions that his short-term market predictions have been historically unreliable.In summary, Hayes envisions a Bitcoin rally driven by monetary stimulus and inflationary pressures, setting the stage for subsequent gains in key altcoins like Ethereum and Solana later in the year.