Bitcoin has continued to break historical highs multiple times this week, just one step away from the $100,000 mark. BitMEX founder Arthur Hayes' latest prediction states that Bitcoin will reach $100,000 by the end of this year and could hit $250,000 by the end of 2025. He also anticipates that Dogecoin may reach $1. (Background: Arthur Hayes' new perspective: Trump's administration will initiate unlimited QE, and Bitcoin is expected to reach $1 million.) (Background supplement: Arthur Hayes' long article: China's 'epic liquidity injection' will eventually lead hot money to Bitcoin.) BitMEX founder Arthur Hayes recently participated in the Alpha First Podcast, where he made predictions on Bitcoin prices. He expects Bitcoin to reach $100,000 by the end of 2024 and possibly soar to $250,000 by the end of 2025. Additionally, he is optimistic that Dogecoin could rise to $1. Arthur Hayes' optimistic predictions are based on his views on expected fiscal policies under the Trump administration. He believes that the Trump administration will focus on a weak dollar, coupled with injecting substantial credit into the U.S. economy, which will drive inflation and benefit fixed-supply assets like Bitcoin. He mentioned the correlation between bank credit expansion and Bitcoin prices, suggesting that Bitcoin is currently reflecting expectations of this inflationary environment. Arthur Hayes' predictions align with his earlier forecasts, where he believed that Bitcoin would reach $1 million during Trump's tenure. He reiterated his confidence in this long-term prediction and mentioned the ongoing trend of manufacturing returning, as well as the large-scale credit expansion needed to achieve this goal, a process initiated by the Biden administration and likely to continue during Trump's presidency. Arthur Hayes also cautioned that new entrants into the bull market should remain rational and suggested taking strategic profits and cashing out at the right time. He warned that always holding onto the mindset of 'I can earn more' will eventually lead to losing the wealth one already possesses. History shows that bull markets will eventually correct, so it is advisable to formulate a plan and not be swayed by speculation. Bitcoin is expected to reach $1 million. Previously, Arthur Hayes had elaborated on his views in a detailed article earlier this month, analyzing the changes and developments in U.S. financial policy. He pointed out that the U.S. has long deviated from pure capitalism, with the government ensuring the interests of the wealthy through multiple rounds of quantitative easing and fiscal stimulus, addressing the wealth gap. In the face of new economic challenges, he anticipates that the Trump administration will strengthen fiscal intervention to promote the return of manufacturing and economic growth, thereby narrowing the wealth gap. Arthur Hayes believes that the Trump administration will pursue a policy of 'weakening the dollar' and provide necessary funding for the return of American industry. The Republican Party will also subsidize businesses through measures similar to the Biden administration's (CHIPS Act) and allow bank credit growth to surge. In Arthur Hayes' view, when credit growth reaches a certain level, the Federal Reserve may relax the Supplemental Leverage Ratio (SLR) regulations, initiating unlimited quantitative easing, which will provide strong support for safe-haven assets, including Bitcoin. Additionally, the U.S. will need to invest massive amounts of money to narrow the wealth gap, increase defense and healthcare spending, and provide financing for the return of manufacturing, with estimated costs reaching trillions of dollars. Against this backdrop, credit expansion and inflationary pressures will boost the demand for fixed-supply assets like Bitcoin, potentially leading to a market rally similar to that of 2020 to 2021, or even stronger, ultimately driving Bitcoin to reach the historic high of $1 million. Related reports Arthur Hayes admits mistakes: Yen weakness, Bitcoin performs well; should trade meme coins. Arthur Hayes points out: 'Dollar to Yen exchange rate' determines everything! Ethereum may benefit from interest rate cuts.. Arthur Hayes changes his stance: Bitcoin 'bearish in the short term'; Fed reverse repos suck market funds. "Arthur Hayes: Bitcoin will be $250,000 by the end of 2025! Dogecoin may reach $1" This article was first published by BlockTempo (BlockTempo - the most influential blockchain news media).

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