Arthur Hayes, Founding Partner of Bitmex, says Bitcoin (BTC) and Ethereum (ETH) are on the way to reach the highest levels of all time. Hayes believes that these 2 crypto money is constantly witnessing the rally. In addition, Hayes foresees a strong increase for Ethereum rival Solana.
” Bitcoin will reach 110 thousand dollars before 76,500 dollars! ”
Kriptokoin.comAs you’ve followed, the leading crypto currency Bitcoin’in 90 thousand dollars towards the market moved. During the article, it was traded for $ 88.026 with an increase of approximately 5 %on a weekly basis. Meanwhile, Ripple’s victory against SEC supported the positive atmosphere in the market. Thus, a new bull run for the crypto currency market was formed.
In the midst of these developments, Bitmex’s founding partner Arthur Hayes, which is closely followed by the market, said in a statement at the social media platform X, FED President Jerome Powell, until April 1, the rate of quantitative tightening (QT) planning to reduce the speed of the current level of $ 108,000, he said. According to Hayes, this announcement makes the Fed to the quantitative relaxation (QE) passing from QT, which triggered crypto bull runs in the past. In this context, Hayes made the following statement:
I bet BTC reaches $ 110,000 before re -testing $ 76,500. Why? The Fed is passing from QT to QE for treasury bonds. And customs tariffs are not important because of ‘temporary inflation’. Jerome Powell told me that… My language was a little broken. I mean, the price is more likely to reach $ 110,000 rather than the next $ 76,500. If we reach $ 110,000, then it is time for ‘yatzee’ and we don’t look back up to $ 250,000.
QE is a monetary policy used by central banks to accumulate financial assets to support the economy by printing more money. The new money flows into the financial system and increases expenditures and investments.” ETH will reach $ 5,000 before the left reaches $ 300!
Arthur Hayes looks at Ethereum after Bitcoin: Hayes Eth predicts that it will reach a new record level before the Layer-1 rival Solana (left). In this respect, the analyst said, “ETH will reach $ 5,000 before the left is $ 300. Who is with me?” says. Meanwhile, during the article, ETH is trading at $ 144,72 while changing hands for $ 2,069.
