Arthur Hayes predicts an increase in Bitcoin to $ 250,000 by the end of the year, the current contraction says it comes out of dead wood:

Arthur HayesParticipant founder PortraitBitcoin’s value may be expected, expected to reach $ 250,000 by the end of the year.

What happenedHayes suggests that the current contraction in the encryption market is a temporary setback, part of a natural cycle.

In a recent interview with him, Hayes explained that the market suffers from a correction after increasing bitcoin from $ 20,000 to $ 110,000.

“This thing is short -term pain. We are filtering dead wood. We have achieved a long way from $ 20,000 to $ 110,000 on Bitcoin, and FTX LOW mainly until Trump Coin, and now we got a 30 % correction. It is very normal for the bull market.”

“I think we will pave all this Deadwood, and I still think we can be $ 250,000 by the end of the year.”

He stressed that such corrections are typical in the bull market and necessary to eliminate the weak elements of the market. Hayes is still optimistic about Bitcoin capabilities, although the current 30 % correction.

“From Bitcoin, and the comprehensive marketing markets for encryption, I think we will be much higher by the end of the year than we are today.”

Hayes also highlighted the role of increasing the cash supply as a incentive for Bitcoin’s growth.

He believes that governments will continue to print money to face economic challenges, which in turn will increase the value of digital assets.

“We know the response. When there is financial hardship, they always print money.”

Why do it matterHayes prediction is in line with other optimistic expectations in the encryption space. Recently, Tim Dripper, a capitalist, has repeated a project known for his accurate expectations for Bitcoin, his belief that Bitcoin would reach $ 250,000 by the end of 2025.

Draper has a date in making bold predictions, including a successful invitation to Bitcoin to reach $ 10,000 within three years in 2014.

In addition, TOM Lee from Fundstrat also referred to the half -bitcoin courses and the adoption of potential government as factors that could pay Bitcoin to $ 250,000. LEE highlights the last half event as a major motor, indicating that Bitcoin has already shown great growth, with a double market value in 2024.

Although the current market corrected, Hayes is still confident, urges investors to be patient.

In a recent publication, I suggested that Bitcoin may find support for about $ 70,000, which is a typical traditional level during Taurus markets. Hayes also expects the collapse of the main stock market and the failure of the main financial institution before the central banks intervene with liquidity measures.

Price work: Bitcoin has been traded at $ 84,462, an increase of 3.2 % in the past 24 hours, according to Benzinga Pro Data.

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Slip: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.

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