Arthur Hayes: Bitcoin will reach $250,000 by the end of 2025! Dogecoin may hit $1
BitMEX founder Arthur Hayes recently participated in the Alpha First Podcast, predicting the price of Bitcoin. He expects Bitcoin to reach $100,000 by the end of 2024 and may surge to $250,000 by the end of 2025. Additionally, he is optimistic that Dogecoin could rise to $1.
Arthur Hayes' optimistic forecast is based on his views on the expected fiscal policies of the Trump administration. He believes that the Trump administration will focus on a weaker dollar, coupled with a significant injection of credit into the U.S. economy, which will boost 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' prediction aligns with his previous prophecy that Bitcoin will reach $1 million during Trump's term. He reaffirmed his confidence in this long-term prediction and mentioned the ongoing trend of manufacturing returning, as well as the massive credit expansion needed to achieve this goal, a process initiated by the Biden administration that is likely to continue during Trump's presidency.
In Arthur Hayes' view, when credit growth reaches a certain level, the Federal Reserve may relax the Supplementary Leverage Ratio (SLR) regulations, initiating unlimited quantitative easing, which will provide strong support for hedging assets including Bitcoin.
Furthermore, the U.S. needs to invest massive amounts of money to narrow the wealth gap, enhance defense and healthcare spending, and provide financing for manufacturing return, with estimated costs reaching trillions of dollars. Against this backdrop, credit expansion and inflationary pressure will increase the demand for fixed-supply assets like Bitcoin, potentially leading to a bull market similar to that of 2020 to 2021, or even stronger, ultimately pushing Bitcoin to reach a historic high of $1 million.
Musk concept meme project #Marvin This round of bull market will surely go crazy alongside Bitcoin, as it is Musk's favorite and the only dog that hasn't listed on Binance. Which dog that has been mentioned by Musk hasn't taken off? Currently undervalued with great potential, it is worth paying attention to!
