Why Arthur Hayes Believes Bitcoin Is Gearing Up For 2022-Style Astronomical Breakout Amid Break Above $99,000 ⋆ ZyCrypto

Bitcoin

Why Arthur Hayes Believes Bitcoin Is Gearing Up For 2022-Style Astronomical Breakout Amid Break Above $99,000 ⋆ ZyCrypto

BitMEX co-founder Arthur Hayes remains confident that the crypto market is prepping for a 2022-style rally, with Bitcoin potentially touching $150,000 this year. And investors will have the USs aggressive monetary policy to thank for the upcoming surge.

During an interview with the Crypto Banter channel on YouTube, Arthur Hayes suggested that the Federal Reserve going on a money printing spree to manage deteriorating macroeconomic conditions is why Bitcoin is headed higher. Hayes also indicated that inflation is likely to continue, which pundits have argued is a boon for assets like BTC.

Bitcoin adherents often laud the apex crypto as a hedge against irresponsible central bank monetary policy of printing money. BTC has historically done well when the Fed has slashed interest rates and flooded the market with cheap cash.

Hayes noted that Former US Treasury Secretary Janet Yellen printed a staggering $2.5 trillion from 2022 to 2025, with BTC going up 6x. He expects current Treasury Secretary Scott Bessent, who is quietly transforming global liquidity with buybacks and auction strategies to address the ballooning national debt load, to do something similar. “And so that‘s why April 9th was the bottom, and we’re going to go much higher from here,” the crypto billionaire asserted.

Hayes has previously forecasted a $1 million BTC price by 2028 amid growing ETF flows and investor confidence.

Bitcoin Price Nears $100,000 Price Tag

Meanwhile, the price of Bitcoin soared past $99,000 today as President Donald Trump teased an international trade agreement with a “big, highly respected country.” While the identity of the country involved remains unclear, some reports suggest its the UK.

BTC is now within striking distance of its current lifetime peak set on January 20, and is now eyeing the coveted $100,000 milestone. The apex crypto is up 2.9% on the day after retreating from a daily high above $99,868, according to CoinGecko data. The Fed on Wednesday decided to hold benchmark interest rates steady, triggering a slight jump in crypto prices.