Bitcoin on record: forecast $250,000 by the end of the year!

Bitcoin on record: forecast $250,000 by the end of the year!

Well-known crypto analyst Arthur Hayes, co-founder of BitMEX, has made impressive predictions for Bitcoin and Ethereum that are making the markets sit up and take notice. In a conversation with Fortune, he expressed optimism about the development of cryptocurrencies in the coming months. Hayes predicts that Bitcoin could reach $250,000 by the end of 2023.

His assessment is based on the assumption that the US government spends more money than official statistics suggest. Between January and March 2025, the US Treasury borrowed 22 percent more than the previous year, which is seen as a sign of a rising deficit. This increased liquidity, Hayes says, will continue to drive Bitcoin.

Optimism for the Bitcoin market

In further analysis, Hayes also expressed his opinion on the market share distribution between Bitcoin and altcoins. He believes that Bitcoin will gain importance not only in the short term but also in the long term. According to his estimates, the price of Bitcoin could even rise to $1 million by 2028. This reflects the trust he has in the strongest cryptocurrency.

Hayes points out that Bitcoin bottomed on April 9, 2023 and has been on an upward trajectory ever since. In an interview with Forbes, he noted that these predictions could also signal the potential for an altcoin season. Ethereum in particular is seen as a potential surprise for the market, despite its current underperformance.

Market Dynamics and the Role of the US Government

A key factor in Hayes' optimistic forecasts is the crisis of confidence that accompanies current events surrounding US debt. Moody's recently downgraded the U.S.'s long-term credit rating, raising concerns about government debt and inflation. These geopolitical and economic factors are likely to increase market liquidity, which in turn could drive Bitcoin prices higher. Specifically, Hayes expects that Bitcoin could reach the range of $150,000 to $200,000 by the beginning of the third quarter of 2025.

Currently, Bitcoin is showing positive momentum and recently surpassed $107,000, which is its highest level in almost four months. In this context, an increase in trading volume of almost 50 percent has been recorded. At the time of reporting, Bitcoin was priced at $102,936.32, down 0.66 percent over the past 24 hours.

The coming months will be crucial for the development of the cryptocurrency markets, and it remains to be seen whether Hayes' predictions come true. As Bitcoin and Ethereum prepare for a potentially exciting time, investors and market watchers alike could be influenced by developments in the US economy.

For more information on Hayes' predictions, visit the articles at Wall Street Online and Benzinga.