Renowned Analyst Predicts Bitcoin Price Surge to $110,000

Arthur Hayes, the co-founder of BitMEX, has revised his view on the future of Bitcoin (BTC) and stated the possibility of the digital currency reaching $110,000, higher than its drop to $76,500. Hayes attributes this shift to the potential change in the Federal Reserve’s monetary policy from contractionary to expansionary, which could provide the liquidity needed for Bitcoin to surpass its previous ceiling. Bitcoin is currently trading at around $88,460, marking an increase of over 4% from the past 24 hours.