Arthur Hayes Predicts Bitcoin Could Reach $250,000 Amid Continued Monetary Expansion
Arthur Hayes advised investors to prepare for Bitcoin purchases, projecting strong performance in the coming years. He argued that sustained expansion of the U.S. money supply could drive Bitcoin to $250,000. Bitcoin has gained approximately 20% since mid-August, adding $300 billion to its market cap. Market analysts noted that the U.S. Treasury may utilize nearly $1 trillion from its General Account to support the bond market. Meanwhile, Xapo Bank reported that Bitcoin saw its largest weekly gain since March 2023, supported by $1.9 billion in net inflows i