US EditionArthur Hayes $1M Bitcoin Tip, Altcoins 'Powerful Rally' Looms: Hodler’s Digest, May 11 – 17
- Arthur Hayes, co-founder of BitMEX, forecasts that Bitcoin will reach $250,000 by the end of 2025 due to significant market shifts.
- This forecast follows a recent local low near $74,500 and reflects recent price improvements supported by increased market liquidity and shifts in policy.
- Bitcoin's market cap stands near $2.07 trillion with a dominance of 63.03%, and Hayes expects altcoins to rally once BTC surpasses $110,000.
- Hayes indicated that the market appears to have reached its lowest point near $74,500, and he predicts Bitcoin could surge to $1 million by 2028, driven by ongoing global economic challenges.
- If these price targets are reached, Bitcoin may strengthen its reputation as a reliable asset for preserving wealth, particularly in times of inflation, geopolitical uncertainty, and increasing interest from institutional investors.
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LATEST: Bitcoin Must Hit $110K to Ignite Altcoin Season Says Arthur Hayes
Crypto markets are gearing up for a surge according to Arthur Hayes co-founder of BitMEX who predicts Bitcoin is on the verge of breaking $110,000 and possibly reaching up to $200,000. Hayes forecasts this significant rally could begin as soon as June or early in the third quarter fueled by increased liquidity and higher trading volumes. He suggests such a rally is essential for a true altcoin boom although warns older cryptocurrencies might lag…
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