Key Takeaways
- Arthur Hayes predicts Bitcoin will hit $110K before $76.5K.
- Hayes cites the Fed's shift toward QE as a key factor.
- Bitcoin closed the week above $86K, supported by easing inflation.
Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, said Bitcoin is more likely to surge to $110,000 than drop to $76,500, pointing to the Federal Reserve’s move from quantitative tightening (QT) toward quantitative easing (QE).
Hayes posted on March 24:
I bet $BTC hits $110K before it retests $76.5K. The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause of ‘transitory inflation.’ JAYPOW told me so.
I bet $BTC hits $110k before it retests $76.5k.
— Arthur Hayes (@CryptoHayes) March 24, 2025
Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause “transitory inflation”. JAYPOW told me so.
I’ll expound on that in my next essay, that’s the TLDR for your TikTok peanut brain.
Market performance
Bitcoin closed the week above $86,000 on March 23 after two weeks of gains, according to TradingView data.
The rally has been supported by easing inflation concerns and growing global liquidity.
Hayes added that a move to $110,000 could set the stage for a broader rally:
If we hit $110K, then it’s yachtzee time and we ain’t looking back until $250K.
My grammar was a bit off. What I mean is that the price is more likely to hi $110k than $76.5k next. If we hit $110k, then it’s yachtzee time and we ain’t looking back until $250k.
— Arthur Hayes (@CryptoHayes) March 24, 2025
Analyst insights
Other analysts agreed that a macroeconomic shift could support higher prices.
Emmanuel Cardozo of Brikken noted that rising global liquidity and discussions around a U.S. Bitcoin reserve may drive a supply squeeze, pushing BTC to $110,000.
Fed’s stance
Still, not everyone sees a full Fed pivot yet.
Benjamin Cowen of IntoTheCryptoVerse said:
QT is not ‘basically over’ on April 1st. They just slowed QT from $60B/mo to $40B/mo.
QT is not “basically over” on April 1st. They still have $35B/mo coming off from mortgage backed securities. They just slowed QT from $60B/mo to $40B/mo
— Benjamin Cowen (@intocryptoverse) March 20, 2025
Bullish momentum
Bitget’s Ryan Lee pointed out that the recent close above the 21-day and 200-day moving averages supports bullish momentum, though resistance at $88,000 remains a key level to watch.
