Arthur Hayes Predicts a Bull Cycle in Which Bitcoin Reaches $100K Backed by US Treasury $1T Liquidity Injection

Arthur Hayes, co-founder of BitMEX, expects a bull cycle in which Bitcoin reaches $100K. He also expects it to pull the rest of the crypto market and

BitMEX co-founder Arthur Hayes has shared his thoughts on the future of the crypto market in his latest blog post. He believes that the upcoming US Treasury liquidity injection will have a significant impact on the market, and he expects to see Bitcoin reach $100K as a result.

According to Hayes, the US Treasury is planning to inject anywhere between $301 billion and $1 trillion into the financial system. He sees two possibilities for such an injection.

The first option is for the Treasury to purchase long-term bonds from the Federal Reserve at a rate of $75 billion per month, which would come out to a total of $300 billion by the end of the year. This would be in addition to the central bank's own quantitative easing measures.

There is also a plan to issue $271 billion worth of Treasury bills by the end of the year and its quarterly purchase of $30 billion worth of less liquid bonds.

In total, Hayes believes that this could create up to $750 billion in spending that could flow into the crypto market and help launch a new rally, and not just for Bitcoin.

Hayes expects to see Bitcoin reach $100K as a result of this liquidity injection, which will further pave the way for the long-awaited altcoin market. He is keeping a close eye on Ether and Solana in particular.

If Bitcoin does lead the way, then Hayes believes that Ether could cross the $4K mark, after which Solana could see a 75% increase to reach $250. This would then go on to pull up the rest of the crypto market, creating the perfect environment for altcoins.

Conclusion

As co-founder of BitMEX, Arthur Hayes is a key figure in the crypto industry, and his statements have always had a big impact.

Overall, his assumptions are based on logical and consistent grounds, and if we do see such a large liquidity injection in the market, the likelihood of such developments occurring is possible.

However, many factors could still make this less than ideal, as Arthur Hayes sees it, and we need to monitor other factors that could influence the situation.

The above is the detailed content of Arthur Hayes Predicts a Bull Cycle in Which Bitcoin Reaches $100K Backed by US Treasury $1T Liquidity Injection. For more information, please follow other related articles on the PHP Chinese website!