BitMEX Co-Founder Predicts Bitcoin's Future

BitMEX co-founder and former CEO Arthur Hayes has boldly forecasted Bitcoin's future price trajectory. In his latest podcast, Hayes predicted that Bitcoin could soar to $100,000 by year-end and climb further to $250,000 by 2025.

Hayes attributes his optimism to increased global monetary expansion and favorable market conditions, particularly in light of President-elect Donald Trump's projected economic policies. He believes that the potential for credit growth and a weaker U.S. dollar under Trump's administration could create an advantageous environment for scarce digital assets like Bitcoin.

"The market is pricing in quantitative easing, credit expansion, and infrastructure investment during the Trump era," Hayes explained. "This is a perfect storm for Bitcoin, which has a fixed supply."

Hayes also addressed Dogecoin's potential in the bull market, predicting it could reach $1. While acknowledging its speculative nature, he cited its popularity and ability to attract retail investors as reasons for its growth potential.

Hayes cautioned first-time crypto investors to remain rational amidst the excitement. "It's easy to get carried away, but cashing out at the right time is critical. Don't let greed prevent gains," he advised.

"We are entering a new era where Bitcoin and cryptocurrencies will play an increasingly important role in the global financial system," Hayes said. "I am confident that $100,000 is achievable by year-end, and $250,000 in 2025 is a conservative estimate."

Despite his optimistic prediction, Hayes expressed hope for Bitcoin's price to surpass even his 2025 forecast: "I hope it's much more than just $250,000."