BitMEX co-founder Arthur Hayes believes Bitcoin (BTC) could nearly double in price from the current level over the coming weeks.
In an interview with crypto personality Anthony Pompliano, Hayes says Bitcoin could explode by roughly between 44% and 92% from the current price.
[adinserter block="1"]“This year, I think we get to $250,000 in Bitcoin. Maybe this summer, run to something like $150,000 to $200,000, before we get some sort of pullback.”
According to Hayes, the 90-day pause on tariffs by the Trump administration, first on most countries of the world and later on China, will trigger volatility as the end of the suspension period nears.
“They set these 90-day targets. Obviously, now you have a strike price, a maturity, an expiry. There’s going to be insane volatility around that. Will they or won’t they? What’s the deal going to look like? And obviously, Trump’s going to posture that he’s serious about really inflicting some pain on trade partners. So you could see sort of ‘ditch-the-bride-at-the-altar’ negotiating style…
…we could see some insane volatility around July 4th for everyone except China and then China’s like August 10th, something around there. So I think now we have those dates in mind, I wouldn’t want to be overly long any risky asset…”
Over the longer term, the BitMEX co-founder says Bitcoin could explode by around 860% amid a potential increase in the money supply.
“I think the Trump team is very serious about trying to do their part in rectifying these [trade] imbalances. I think capital controls are the way they’re going to do it, which is a little bit slower burn. But foreigners are going to react by selling assets because now there’s a tax and they don’t want to pay it and so that’s going to require printed money to replace those dollars….
… and that money gets printed and Bitcoin benefits the most out of all the different risky assets that one could own out there. And that’s how we get to $1 million Bitcoin. I think that happens sometime between now and when Trump exits office in 2028.”
Bitcoin is trading at $104,249 at time of writing.
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