The co -founder of Bitmex, Arthur Hayes, is known for his daring predictions on the cryptocurrency market. In his latest blog post entitled “Time Signature”, he maintains his optimistic position by providing a bitcoin at $ 250,000 and an Ethereum at $ 10,000 by the end of the year. Despite the geopolitical and economic turbulence, Hayes sees in the expansion of credit and American monetary policy the main engines of the continuous increase in cryptos. Explanations.
- Arthur Hayes predicted that Bitcoin would reach $ 250,000 and $ 10,000 Ethereum by the end of the year, despite geopolitical turbulence.
- He said that the expansion of credit and American monetary policy are the engines of this spectacular increase in cryptos.
Bitcoin and Ethereum on the way to new heights?
It is in an article published on his blog that the investment giant Arthur Hayes anticipates a High increase in the price of Bitcoin and Ethereumsupported by the expansion of credit and American economic policies. According to him, the massive creation of fiduciary currency since 2009 has already made Bitcoin the most efficient asset in history and this trend should continue.
Despite geopolitical tensions, especially between the United States and China, Hayes believes that American industrial policy, which he describes as “economic fascism”, will continue to stimulate credit growth. This expansion of credit, coupled with an accommodating monetary policy, is expected to push Bitcoin to $ 250,000 and Ethereum at $ 10,000 by the end of the year.
American monetary policy at the heart of the rise in cryptos
Hayes underlines that the American monetary policyunder the Trump administration, plays a crucial role in the increase in cryptocurrencies. He notably evokes the program ” QE 4 Poor People Which consists in extending credit to industries deemed criticism, like rare earths, to support the war economy of the United States.
This credit creation, according to Hayes, directly feeds the increase in cryptos. He quotes the example of the agreement between the American Defense Department and MP Materials to increase the production of rare land, funded by a loan of $ 1 billion in JP Morgan and Goldman Sachs. This type of agreement, which does not require the approval of the congress, should multiply and continue to inflate the money supply, thus pushing the prices of cryptos to new heights.
Despite geopolitical and economic uncertainties, Arthur Hayes remains convinced that Bitcoin and Ether will reach $ 250,000 and $ 10,000 by the end of the year respectively. A prediction that is not without surprise, a few weeks ago, Arthur Hayes even wrote on his social networks: “Buy everything you can”.
