Arthur Hayes Maintains His Prediction of Bitcoin Reaching $250,000 by Year-End, Citing Liquidity Bottoming and the End of Quantitative Tightening

Arthur Hayes, co-founder of BitMEX, appeared on the Milk Road Show on November 27, maintaining his prediction that Bitcoin (BTC) will reach $250,000 by the end of the year. With only 33 days left until year-end, he remains bullish, anticipating a roughly 170% increase from the current price levels. Hayes predicted last week's drop to the $82,000 level as the bottom for Bitcoin, and the subsequent recovery to around $92,000, a rebound of approximately 12%, supports his view. 'We've hit the bottom, and from here, we can rise,' he stated. Hayes also noted significant inflows into BlackRock's Bitcoin ETF 'IBIT', suggesting...