Bitcoin May Surpass $100K as U.S. Dollar Declines, Says Arthur Hayes
Bitcoin's next parabolic move may be on the horizon as market conditions align with major macroeconomic shifts. According to BitMEX co-founder and Maelstrom CIO Arthur Hayes, incoming U.S. Treasury buybacks and continued U.S. dollar weakness could send Bitcoin soaring past $100,000.Seriously fam, this might be the last chance you have to buy BTC under $100K,” Hayes wrote, referring to the Treasury’s planned bond buybacks as a potential “bazooka” for Bitcoin.
Treasury buybacks where the government repurchases its own debt are typically used to boost liquidity, manage interest rates, or reduce outstanding obligations. In doing so, they can inject capital into financial markets, often driving up demand for risk assets like Bitcoin.
Money Supply Growth Could Push BTC to $132K
Hayes isn't alone in his bullish stance. Jamie Coutts, Real Vision's chief crypto analyst, projects Bitcoin could top $132,000 by year’s end, citing M2 money supply expansion as a major tailwind.
Still, not all signals are green. Some analysts warn that global trade tensions, particularly between the U.S. and China, could weigh on investor sentiment.
Dollar Drops, Bitcoin Breaks Out
Bitcoin recently surged past $87,700 its highest level in nearly three weeks as the U.S. Dollar Index hit its lowest point since March 2022. The move followed former President Donald Trump’s announcement of new tariffs on Chinese goods.
“Bitcoin is clearly responding to dollar weakness,” said Bitwise’s André Dragosch.
Bitget Research’s Ryan Lee also sees room for upside: “We’re seeing strong volume, a breakout from a descending wedge, and a macro backdrop that favors Bitcoin as a hedge including rising gold correlation and institutional interest.”
Institutional Momentum Builds
Despite short-term volatility, institutional players continue to accumulate. Firms based in Japan and the UK have poured hundreds of millions into BTC in recent weeks, suggesting confidence in Bitcoin’s long-term role as a financial hedge.
No Comment to " Bitcoin May Surpass $100K as U.S. Dollar Declines, Says Arthur Hayes "