Arthur Hayes: Bitcoin is preparing for a rapid rally at $ 200,000

Arthur Hayes, co-founder of the BitMEX exchange, said that bitcoin BTC $88,939.48 Mezo Wrapped BTC 2.03% Market capitalization $46.15 million VOL. 24 hours $1.13 billion is preparing for a rapid rise to $ 200,000, after which it will undergo a correction and maintain a stable base above $ 124,000. In his opinion, the driving force behind this process will be the new policy of the US Federal Reserve, which is actually a hidden form of quantitative easing.

In his blog, Hayes drew attention to the so-called «Reserve Management Purchases» (RMP), a new tool mentioned at the last meeting of the Federal Open Market Committee. He compared RMP to quantitative easing (QE), which was used after the 2008 financial crisis and during the pandemic. According to the investor, any increase in reserves or expansion of the central bank’s balance sheet acts as an indirect «printing of money» that stimulates demand for limited assets, including bitcoin.

Hayes emphasized that the RMP policy could return the market to growth. In his opinion, after overcoming the $ 124,000 mark, bitcoin can quickly rise to $ 200,000 in early 2026. The peak of optimism, he predicts, will occur in March, after which a correction is expected, which will still leave the cryptocurrency at historically high levels.

Currently, bitcoin is trading at around $ 88,000, which is 30% below the record of $ 126,080. To reach Hayes' forecasted goal, the asset needs to grow by about 127%. At the same time, analysts at CryptoQuant do not share his optimism, arguing that the market has entered a bearish trend according to online data.

In addition to bitcoin, Hayes drew attention to the Ethereum (ENA) token, which, according to him, could benefit from changes in interest rates. The investor believes that the Federal Reserve’s future monetary policy will remain the main factor for all crypto market dynamics, not just bitcoin.