Bitcoin Price Prediction 2024: Arthur Hayes Forecasts $250,000 by Year-End Amid Economic Shifts
Main Idea
BitMEX co-founder Arthur Hayes predicts Bitcoin could reach $250,000 and Ethereum $10,000 by the end of 2024, driven by macroeconomic factors and liquidity conditions.
Key Points
1. Arthur Hayes forecasts Bitcoin at $250,000 and Ethereum at $10,000 by end of 2024.
2. Bullish outlook attributed to credit expansion from Trump's wartime economic strategies and capital inflows into U.S. Treasury bonds.
3. Hayes suggests Bitcoin could test $90,000-$95,000 if Treasury General Account (TGA) liquidity worsens, or trade near $100,000 if stable.
4. Market behavior ahead of the Federal Reserve’s Jackson Hole symposium may influence Bitcoin's price trajectory.
Description
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