Key Takeaways
- Arthur Hayes predicts Bitcoin will hit $110K earlier than $76.5K.
- Hayes cites the Fed’s shift towards QE as a key issue.
- Bitcoin closed the week above $86K, supported by easing inflation.
Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, mentioned Bitcoin is extra prone to surge to $110,000 than drop to $76,500, pointing to the Federal Reserve’s transfer from quantitative tightening (QT) towards quantitative easing (QE).
Hayes posted on March 24:
I guess $BTC hits $110K earlier than it retests $76.5K. The Fed goes from QT to QE for treasuries. And tariffs don’t matter explanation for ‘transitory inflation.’ JAYPOW advised me so.
I guess $BTC hits $110k earlier than it retests $76.5k.
Y? The Fed goes from QT to QE for treasuries. And tariffs don’t matter trigger “transitory inflation”. JAYPOW advised me so.
I’ll expound on that in my subsequent essay, that’s the TLDR in your TikTok peanut mind.
— Arthur Hayes (@CryptoHayes) March 24, 2025
Market efficiency
Bitcoin closed the week above $86,000 on March 23 after two weeks of good points, based on TradingView information.
The rally has been supported by easing inflation issues and rising world liquidity.
Hayes added {that a} transfer to $110,000 might set the stage for a broader rally:
If we hit $110K, then it’s yachtzee time and we ain’t trying again till $250K.
My grammar was a bit off. What I imply is that the value is extra prone to hello $110k than $76.5k subsequent. If we hit $110k, then it’s yachtzee time and we ain’t trying again till $250k.
— Arthur Hayes (@CryptoHayes) March 24, 2025
Analyst insights
Different analysts agreed {that a} macroeconomic shift might help increased costs.
Emmanuel Cardozo of Brikken famous that rising world liquidity and discussions round a U.S. Bitcoin reserve might drive a provide squeeze, pushing BTC to $110,000.
Fed’s stance
Nonetheless, not everybody sees a full Fed pivot but.
Benjamin Cowen of IntoTheCryptoVerse mentioned:
QT is just not ‘mainly over’ on April 1st. They only slowed QT from $60B/mo to $40B/mo.
QT is just not “mainly over” on April 1st. They nonetheless have $35B/mo coming off from mortgage backed securities. They only slowed QT from $60B/mo to $40B/mo
— Benjamin Cowen (@intocryptoverse) March 20, 2025
Bullish momentum
Bitget’s Ryan Lee identified that the latest shut above the 21-day and 200-day transferring averages helps bullish momentum, although resistance at $88,000 stays a key degree to observe.