BitMEX co-founder Arthur Hayes believes that it is now in the cards for Bitcoin ( BTC ) and Ethereum ( ETH ) to witness sustained rallies en route to new all-time highs. The crypto veteran says on the social media platform X that he thinks Bitcoin has the potential to rally above its current record high of $108,000 after Fed Chair Jerome Powell announced that he plans to reduce the pace of quantitative tightening (QT) by April 1st. According to Hayes, the announcement puts the Fed in the position to transition from QT to quantitative easing (QE), a condition that has triggered crypto bull runs in the past. QE is a monetary policy used by central banks to prop up the economy by printing more money to accumulate financial assets. New money flows into the financial system, boosting spending and investments. “I bet BTC hits $110,000 before it retests $76,500. Why? The Fed is going from QT to QE for Treasuries. And tariffs don’t matter cause ‘transitory inflation.’ [Jerome Powell] told me so… My grammar was a bit off. What I mean is that the price is more likely to hit $110,000 than $76,500 next. If we hit $110,000, then it’s yachtzee time and we ain’t looking back until $250,000.” At time of writing, Bitcoin is trading for $87,641. As for Ethereum, Hayes predicts that ETH will hit a new record high before its layer-1 rival Solana ( SOL ) does. “ETH to $5,000 before SOL to $300. Who is with me?” At time of writing, ETH is worth $2,068 while SOL is trading for $144. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: MIdjourney The post Massive Rallies Now on the Table for Bitcoin and Ethereum, According to Arthur Hayes – Here Are His Targets appeared first on The Daily Hodl .
