Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth in bitcoin and broader financial markets.
Arthur Hayes Predicts Bitcoin Surge to $100K, $1 Million Possible in 2025
Arthur Hayes, co-founder and former CEO of crypto exchange Bitmex, shared his predictions on bitcoin, the broader crypto market, and the U.S. economy in a blog post published on Monday.
Hayes projects a strong bullish trajectory for bitcoin and other financial assets by the end of 2024, fueled by strategic liquidity injections from the U.S. Treasury. He emphasizes the impact of U.S. Treasury Secretary Janet Yellen’s anticipated actions, stating: “As money leaves the Fed’s balance sheet, it adds liquidity, which causes finite financial assets such as bitcoin to go to the moon.”
The former Bitmex co-founder expects Yellen to “inject at least $301 billion and a maximum of $1.05 trillion between now and year-end,” emphasizing:
Taking Bad Gurl Yellen’s word, we know that $301bn of T-bills will be net issued between now and year-end. If this relationship holds true, bitcoin will quickly retrace the dump caused by the yen strengthening. The next stop for bitcoin is $100,000.
Looking further ahead, Hayes foresees even greater market gains after the U.S. debt ceiling issue is resolved. He believes that once this hurdle is cleared, a significant increase in liquidity from both the Treasury and potentially the Federal Reserve will set the stage for an explosive bull market.
Hayes also discussed the November U.S. presidential election. He opined: “The election is a coin toss, and I would rather watch the chaos from the sidelines and step back into the markets AFTER the U.S. debt ceiling is raised. I expect that to happen sometime in January or February.” He further shared:
Once the U.S. debt ceiling charade is over, liquidity will gush from the Treasury and possibly the Fed to get markets back on track. Then, the bull market will begin for realz. $1 million bitcoin is still my base case.
“As soon as Bad Gurl Yellen and towel boy Powell combine forces, China will finally unleash its long-awaited Bazooka fiscal stimulus. The 2025 Sino-American crypto bull market shall be glorious,” he added.
