Arthur Hayes Predicts Bitcoin Surge to $110K Amid Fed Policy Shift
- Arthur Hayes, former BitMEX CEO, anticipates Bitcoin reaching $110,000.
- Hayes links this prediction to an expected Federal Reserve shift from quantitative tightening to easing.
- Bitcoin price rose by 3.17% to $86,758 with a trading volume increase of 74% to $16.69 billion.
- BTC futures open interest increased by 7.79%, exceeding $56 billion.
- The U.S. core PCE price index is expected to rise from 2.6% to 2.7% this week.
Arthur Hayes forecasts a Bitcoin rally to $110,000 due to anticipated Federal Reserve policy changes and increasing institutional interest, as evidenced by recent ETF inflows and trading volume surges.
Source (2.6)https://coingape.com/bitcoin-price-going-to-110k-says-arthur-hayes-before-us-pce-data-release/?rand=24432
