Arthur Hayes, Chief Investment Officer of Maelstrom, believes Bitcoin’s price could reach $250,000 by the end of the year. With roughly 100 days left in the year, this would represent more than a 2x increase from its current price.
Hayes shared his bullish outlook during a media interview at the Blockchain Conference ‘KBW2025’ on September 23 at the Walkerhill Hotel in Seoul. He stated that an interesting market trend is likely to emerge between the end of the third quarter and the beginning of the fourth quarter. This could propel Bitcoin to $250,000.
Arthur Hayes is Betting on US Liquidity Expansion
Hayes’s optimism is rooted in the expectation of new liquidity coming from the United States. He explained that the US Treasury is planning a currency expansion policy, and a series of continuous rate cuts from the Fed are anticipated. He says that if the Treasury increases currency supply, it will have a positive short-term effect on Bitcoin. This is especially true if the Fed cuts rates at the same time.
Recent events at the Fed have been slightly more complex than Hayes’s prediction. Some Fed officials who voted for the September rate cut have since expressed reservations about further cuts in October during public speeches on Monday.
Trump, the Fed, and the Printing Press
Hayes predicts that President Donald Trump’s attempts to oust existing Fed members will ultimately succeed. He believes they will be replaced with officials who are favorable to his policies.
“Trump is trying to remove forces that oppose him from the Fed and fill it with people who agree with his policies,” he said.
He believes this will ultimately lead to more money printing and continued expansionary economic policies.
On the subject of Bitcoin’s four-year cycle, Hayes remained neutral. He stated that the theory could be seen as either no longer working or as still holding true.
The four-year cycle theory posits that Bitcoin’s price peaks roughly every four years. It suggests a major price increase begins six months after a halving event, peaking around 550 days later. According to this theory, Bitcoin would hit its price peak in October of this year.
Hayes stressed that the factor he personally pays the most attention to is liquidity. “As global currency supply is expected to increase, there is a high possibility that the market cycle will be extended.”
He had previously praised ENA in early August, only to sell his $4.6 million holdings shortly after. Later that month, he voiced optimism about HYPE’s value as well, but on Monday, he liquidated his entire $5 million position in the token.
