Learn how US monetary policy could impact Bitcoin's price according to Arthur Hayes. Find out his predictions and analysis on Bitcoin and altcoins.
Arthur Hayes, the founder of BitMEX exchange, believes that the new US treasury policy to buy back bonds could inject liquidity into markets, pushing the price of Bitcoin up to $110,000 or even $200,000. Hayes explained that the treasury aims to repurchase older bonds by issuing new debt, similar to Quantitative Easing but this time led by the treasury instead of the Federal Reserve. This move is expected to reduce yields on old bonds and attract investors towards riskier assets like digital currencies. Hayes predicts that Bitcoin could first reach $110,000 and then grow to $200,000 with this ongoing trend. He also anticipates significant growth for altcoins once Bitcoin surpasses these levels.
