Arthur Hayes: Federal Reserve Launches New Round of Quantitative Easing, Bitcoin Could Revisit $124,000

BlockBeats News, December 20, Arthur Hayes stated in his latest article "Love Language" published today that the Fed's introduction of RMP (Reserve Management Purchases) is essentially equivalent to a new version of quantitative easing (QE), meaning that liquidity will be re-released, and the long-term risk of fiat devaluation will increase, with the crypto market, especially Bitcoin, set to benefit significantly.

He expects that in the short term, BTC may fluctuate in the range of $80,000–$100,000; when the market realizes that "RMP = QE," Bitcoin may return to $124,000 and quickly surge to $200,000; he predicts that around March next year, a phase of peak sentiment may occur, followed by a pullback, but the overall bottom is still likely to be above $124,000.

It is worth noting that although Arthur Hayes has been consistently bullish on the crypto market, he transferred 508.647 ETH (worth $1.5 million) to Galaxy Digital during yesterday's rebound, possibly for sale.