Maelstrom’s Chief Investment Officer Arthur Hayes believes Bitcoin could reach $250,000 by the end of the year. With about 100 days remaining per year, this represents a rise of more than twice the current price.
Hayes shared his bullish outlook in a media interview at the blockchain conference “KBW2025” held at the Walker Hotel in Seoul on September 23rd. He said that interesting market trends are likely to emerge between the end of the third quarter and the beginning of the fourth quarter. This will drive Bitcoin to $250,000.
Arthur Hayes bets on expanding US liquidity
Hayes’ optimism is rooted in new liquidity expectations from the United States. He explained that the US Treasury is planning a currency expansion policy and that a series of continued interest rate cuts from the Fed are expected. He says that increasing the supply of currency will have a positive, short-term impact on Bitcoin. This is especially true when the Fed simultaneously cuts fees.
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Recent events at the Fed are slightly more complicated than Hayes’ predictions. Some Fed officials who voted for interest rate cuts in September expressed their reservations for further cuts in October during their public speech Monday.
Trump, Fed and printing machines
Hayes predicts President Donald Trump’s attempt to expel existing Fed members will ultimately be successful. He believes they will replace him with officials who are favorable to his policies.
“Trump is trying to remove him from the Fed’s opposition force and fill it with those who agree with his policies,” he said.
He believes this will ultimately lead to more money printing and continued, expanding economic policy.
On the subject of Bitcoin’s four-year cycle, Hayes remained neutral. He said that the theory can be seen as no longer working or still retaining the truth.
The four-year cycle theory assumes that Bitcoin prices peak around every four years. This suggests that it peaks after about 550 days and a significant price rise will begin six months after half of the event. According to this theory, Bitcoin reached its price peak this October.
Hayes emphasized that liquidity is the factor he personally pays most attention to. “As global currency supply is expected to increase, there is a high chance that the market cycle will be extended.”
He previously praised ENA in early August, but only sold $4.6 million in holdings shortly after. Later that month he also expressed optimism about the value of the hype, but on Monday he liquidated the entire $5 million position in tokens.
