The post Hayes flips bullish on Bitcoin, predicts $110,000 rally amid Fed’s policy shift appeared on BitcoinEthereumNews.com.

BitMEX co-founder Arthur Hayes said Bitcoin (BTC) is more likely to climb to $110,000 before experiencing a significant correction, pivoting from his previous stance that further downside was likely until BTC hit $70,000. Hayes said in a social media post on March 24 that his views have flipped bullish due to the potential shift in US monetary policy. Monetary policy Hayes noted that the Federal Reserve’s anticipated move from quantitative tightening (QT) to quantitative easing (QE) could create the liquidity conditions needed for Bitcoin to break through its previous all-time highs. Hayes downplayed concerns about inflation and rising tariffs, arguing that inflation remains largely transitory and that monetary policy, not trade tensions, will shape Bitcoin’s trajectory. Hayes wrote: “The Fed is pivoting from QT to QE for treasuries.” He suggested the US central bank’s next actions could resemble those taken during prior market interventions. Hayes added that if Bitcoin reclaims its high of $110,000, then further upside to $250,000 would be in play. Hayes clarified that he views Bitcoin as more likely to rally to $110,000 than experiencing another decline to $70,000 levels in the short term. However, he still sees the potential for a pullback to that lower level once the rally peaks — warning that markets could become overextended in the event of exuberant liquidity-driven growth. According to CryptoSlate data, Bitcoin was trading at around $88,460 as of press time, up more than 4% over the past 24 hours. Momentum building Hayes’ outlook aligns with other bullish market calls, including 10X Research, which recently said Bitcoin may have already bottomed. The firm initially expected a deeper correction after Bitcoin broke below $95,000. However, a series of macroeconomic and geopolitical developments have since prompted a reassessment. 10X analysts noted early signs of bottom formation, bolstered by a shift in President…

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Filed under: News - @ March 24, 2025 7:29 pm