A new BTC share came from BitMEX former CEO Arthur Hayes, who is known for his bold predictions about Bitcoin and the cryptocurrency market.
Listing his short-term expectations, Hayes said he expects the Bitcoin price to rise to $110,000 soon and the FED to switch to quantitative easing.
At this point, Hayes argued that if the FED were to switch to quantitative easing (QE) very soon, the Bitcoin price would reach $110,000.
Quantitative easing (QE) means the Fed buys bonds and pumps money into the economy to lower interest rates and encourage spending during difficult financial conditions.
The famous name also said that Trump's concerns about tariffs were unfounded and that he agreed with FED Chairman Jerome Powell's view that inflationary effects would be short-lived.
At this point, Hayes noted that Bitcoin is more likely to rally to a new record high of $110,000 rather than correct to $76,500 amid concerns about easing monetary policy.
“I bet BTC will hit $110k before testing $76.5. Fed is switching from QT to QE for treasuries. And tariffs don't matter because of temporary inflation. Powell said so.
I mean, it's more likely to hit $110,000 than it is to hit $76.5,000. If we hit $110,000, then it's time to go up and we won't look back until $250,000.”
*This is not investment advice.
