Arthur Hayes expects Bitcoin rise to $110,000
Bitcoin rallies to $87K ahead of key U.S. inflation data.
Bitcoin extended its bullish momentum this week, climbing 3.5% to reach $87,000 ahead of the U.S. core Personal Consumption Expenditures (PCE) data release—a key inflation gauge closely monitored by the Federal Reserve.
The rally has reignited optimism among market participants, with former BitMEX CEO Arthur Hayes forecasting a near-term Bitcoin surge to $110,000, reports CoinGape.
Arthur Hayes Eyes $110K as Fed Policy Pivot Looms
Hayes, a long-time crypto advocate, attributes the ongoing price strength to an anticipated shift in the Federal Reserve’s monetary stance. He expects a pivot from quantitative tightening (QT) to quantitative easing (QE), which he argues will trigger further capital inflows into risk assets like Bitcoin. Downplaying concerns around inflationary pressures from potential Trump-era tariffs, Hayes labeled them “transitory,” echoing recent language used by Fed Chair Jerome Powell.
Hayes also reiterated that Bitcoin likely formed a bottom at $77,000 and now faces upward momentum. His projection of a short-term move to $110,000, followed by a potential correction to $76,500, aligns with increasing institutional participation and on-chain indicators.
Loading...
Institutional Demand Strengthens Bullish Momentum
Bitcoin’s recent surge is supported by rising institutional interest. U.S. spot Bitcoin ETFs have registered inflows for six consecutive days, marking a clear resumption in demand. Corporations are also joining the rally: Japanese firm Metaplanet purchased an additional 150 BTC this week, bringing its total holdings to 3,350 BTC, valued at roughly $278.8 million. The average acquisition price stands at $83,224, and the firm has reported a year-to-date BTC return of 68.3%.
Metaplanet’s strategic expansion has drawn notable attention, with Eric Trump recently joining its advisory board. Meanwhile, MicroStrategy (MSTR) chairman Michael Saylor has hinted at further Bitcoin acquisitions on the horizon.
Inflation Data Could Set Market Tone
The release of February’s U.S. core PCE index—expected to tick up from 2.6% to 2.7%—will be pivotal for markets this week. Alongside the Fed’s one-year inflation forecast for March, the data could influence sentiment across risk assets, including cryptocurrencies.
With daily trading volume up 74% to $16.69 billion and Bitcoin futures open interest climbing nearly 8% to over $56 billion, the market is positioning for continued volatility. Short liquidations have topped $50 million in 24 hours, reflecting a robust bullish undercurrent heading into key macroeconomic announcements.
Recently we wrote, that amid growing speculation that Bitcoin may have reached its peak for this cycle, prominent crypto analyst PlanB is pushing back against the idea that the market is transitioning into bearish territory.
