Arthur Hayes predicts new Bitcoin all-time high before year-end

Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, expects Bitcoin to reach a new all-time high before the end of the year. He attributes this potential growth to monetary easing and the anticipated return of massive currency printing to manage US public debt. Hayes outlines a three-stage trajectory for the price, involving a sharp rise, a consolidation phase, and a subsequent second leg of growth. While his analysis focuses on liquidity, reports note that his past price predictions have been inconsistent.