Arthur Hayes: With the Fed launching a new round of quantitative easing, Bitcoin may return to $124,000.
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TL;DR
Arthur Hayes argues the Fed's RMP is akin to quantitative easing, boosting liquidity and devaluing fiat, which could benefit Bitcoin. He predicts BTC may hit $124,000 and surge to $200,000, with a peak around March 2025, despite selling some ETH recently.
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BitcoinLayer 1Halving TokensArthur Hayesquantitative easingFederal Reservecrypto market
According to Mars Finance, in his latest article "Love Language" published on December 20th, Arthur Hayes stated that the Federal Reserve's RMP (Reserve Management Purchase) is essentially equivalent to a new version of quantitative easing (QE), meaning that liquidity will be released again, increasing the risk of long-term fiat currency devaluation, and the crypto market, especially Bitcoin, will benefit significantly. He predicts that BTC may fluctuate between $80,000 and $100,000 in the short term; once the market recognizes that "RMP = QE," Bitcoin may return to $124,000 and quickly surge to $200,000; he expects a temporary peak in sentiment around March next year, followed by a pullback, but the overall bottom is still likely to be above $124,000. It is worth noting that although Arthur Hayes continues to be bullish on the crypto market, he transferred 508.647 ETH (worth $1.5 million) to Galaxy Digital during yesterday's rebound, possibly for sale.