The Chief Investment Officer of the venture company Maelstrom and co-founder of the BitMEX exchange published a message titled 'The BBC'. In his message, the businessman stated that the BTC rate could reach $250,000 by the end of this year.
Arthur Hayes explained that from a technological point of view, the first cryptocurrency is doing well - there are no major updates or bugs. The price of BTC fully depends on the upcoming changes in global monetary liquidity.
'If my prediction is correct, the minimum of $76,500 is in the past. The goal is $250,000 by the end of the year. Yes, predictions in this market are hard to call accurate, but if I were offered to choose: will BTC see $76,500 first or $110,000 — I would unhesitatingly bet on $110,000,' said the businessman.
In his opinion, the Federal Reserve System of the United States will be 'flooding the market with dollars', and the People's Bank of China will ease monetary policy, which will lead to an increase in the volume of yuan. The increase in liquidity in the markets will cause BTC, like the entire cryptocurrency industry, to inevitably show growth in quotes and capitalization, believes the entrepreneur.
Earlier, Arthur Hayes urged crypto investors not to be upset about the drop in BTC and to wait for the situation in the global financial market to improve.
