Huoxing Finance reports that Arthur Hayes stated investors should prepare to buy Bitcoin and expects Bitcoin to perform well over the coming years. He believes that if the U.S. continues to expand its money supply, Bitcoin’s price could eventually rise to $250,000. Since mid-August, Bitcoin has risen approximately 20%, pushing its total market capitalization up by $300 billion within hours. Previously, Scott Bessent pledged support for the bond market; this week, the Treasury was reported to potentially draw nearly $1 trillion from its General Account to fund bond purchases. Gadi Chait, investment manager at Xapo Bank, noted that Bitcoin rose about 23% last week, marking its largest weekly gain since March 2023; during the same period, U.S. spot Bitcoin ETFs saw net inflows of approximately $1.9 billion, with record-level short squeezes further fueling the rally.
Arthur Hayes Predicts Bitcoin Could Rise to $250,000 Amid Monetary Expansion
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Summary
Bitcoin news emerged as Arthur Hayes predicted the price could reach $250,000 amid ongoing U.S. monetary expansion. Bitcoin analysis reveals a 20% increase since mid-August, adding $300 billion to its market cap. Xapo Bank’s Gadi Chait noted a 23% weekly gain—the largest since March 2023. U.S. spot Bitcoin ETFs recorded a record $1.9 billion in net inflows.
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