With Trump’s April 2 tariff deadline approaching, traders are cautious, awaiting clarity on trade rules. Bitcoin has been highly volatile, dropping below $80K before rebounding to $85K last week, but price swings continue. However, this week’s start, Bitcoin is showing renewed strength, climbing toward $87,000 ahead of a key US inflation report. Former BitMEX CEO arthur hayes
arthur hayes Arthur Hayes is a Bitcoin advocate and fintech pioneer, best known as the co-founder and former CEO of BitMEX, a leading cryptocurrency trading platform. Launched in 2014, BitMEX has traded trillions in Bitcoin and other digital assets. Hayes, a former Deutsche Bank and Citigroup derivatives trader, became interested in Bitcoin in 2013 after reading Satoshi Nakamoto’s white papers. He stepped down as CEO of BitMEX in 2020 following regulatory challenges, including being the first crypto exchange charged under the Bank Secrecy Act. Hayes is recognized as the youngest African American crypto billionaire.
Details
Organization: BitMexLocation: Hong KongEducation: Bachelor of Science in Economics, Finance from the University of Pennsylvania and Bachelor of Science in Economics and finance from The Wharton SchoolSkills: Trading and Swaps
Experience:
Chief Investment Officer at Maelstrom from Dec 2022 – PresentCo-Founder at 100x Group from Oct 2020 – PresentCo-founder and CEO at 100x Group from Jul 2019- Oct 2020CEO at BitMEX from Jan 2014 – Oct 2020Delta One Trader (Associate) at Citi from Jun 2011 – May 2013Associate at Deutsche Bank from Jul 2008 – Jun 2011Synthetic Equity Trader at Deutsche Bank from Jun 2008 – Jun 2011
FAQ’s
1. When was Bitmex founded?BitMEX was Launched in 2014.
2. What other roles does Arthur Hayes hold?After BitMEX, Hayes became the Chief Investment Officer at Maelstrom
EntrepreneurInvestorChief Executive OfficerTrader
is doubling down on his bullish outlook, predicting a run to $110,000 as he anticipates a shift in Federal Reserve policy. With institutional demand surging and economic data in focus, Bitcoin’s rally appears far from over.
Arthur Hayes: Bitcoin’s Next Stop Is $110K
Arthur Hayes is confident that Bitcoin will surge to $110,000 before testing the $76,500 mark again. His optimism stems from expectations that the Federal Reserve will soon shift from quantitative tightening (QT) to quantitative easing (QE), a move that could inject more liquidity into risk assets. Hayes also dismissed concerns over Trump’s tariffs, aligning with Fed Chair Jerome Powell’s stance that any inflationary effects will be temporary.
Bitcoin is already showing signs of strength, jumping 3.5% to trade above $86,700. Trading volume has surged by 74%, with futures open interest rising 7.79% to over $56 billion. Short sellers have faced heavy liquidations, with $50 million wiped out in the past 24 hours.
Overall, the crypto market is also seeing a strong rally, with most altcoins rising alongside Bitcoin. Ethereum is up 3.3% to $2,069, while XRP gained 3.1%. Solana led with a 6.2% jump, followed by Cardano and Polygon at 2% and 2.8%, respectively. Meme coins also surged, with Dogecoin up 3.5% and TRUMP soaring 9.4%, reflecting renewed bullish momentum.
Inflation Data Set to Influence Market Sentiment
This week, all eyes are on the Federal Reserve’s core PCE price index, the central bank’s preferred inflation gauge. Analysts expect a slight uptick from 2.6% to 2.7%, which could shape market sentiment for risk assets like Bitcoin. The Fed will also release its final one-year inflation forecast, offering further clues on its monetary policy direction.
Bitcoin’s rally is gaining momentum as institutional investors continue accumulating. Spot Bitcoin ETFs in the US have recorded six consecutive days of inflows, signaling renewed demand. Meanwhile, corporate giants are ramping up their Bitcoin purchases. Japan’s Metaplanet recently added 150 BTC to its holdings, bringing its total to 3,350 BTC. With a year-to-date yield of 68.3%, the firm is doubling down on its Bitcoin strategy, backed by key figures like Eric Trump and Michael Saylor.
With institutional interest growing and economic conditions favoring risk assets, Bitcoin’s path to $110,000 may be closer than expected.
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The post Arthur Hayes Bitcoin Bullish Outlook: Can Institutional Demand Push BTC to $110K? appeared first on Coinpedia Fintech News
With Trump’s April 2 tariff deadline approaching, traders are cautious, awaiting clarity on trade rules. Bitcoin has been highly volatile, dropping below $80K before rebounding to $85K last week, but price swings continue. However, this week’s start, Bitcoin is showing renewed strength, climbing toward $87,000 ahead of a key US inflation report. Former BitMEX CEO …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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