- Arthur Hayes has made some interesting predictions about Bitcoin price, that the next price action is $200,000 and $250,000 by the end of this year.
- Bitcoin is holding above the $100,000 price level so far, while altcoins are also following its lead.
The crypto market never disappoints the community with its wild price swings and intriguing comebacks. After watering down the expectations of a crypto bull run in 2025, Bitcoin started to regain strength this month. It is now trading above the $102,000 price level, which led industry leaders to make bold price predictions for the coming few years.
Arthur Hayes has always been known for his comments about the digital asset industry. Hayes mentioned his prediction regarding the Bitcoin price in one of his interviews at the Token2049 event.
When asked about what’s next for crypto this year, he said,
“I think Bitcoin dominance continues to go up. I think Bitcoin in this next little run could go close to $200,000. And then, altcoin season comes around, and we’ll see some interesting things. And by the end of the year, the Bitcoin price target is about $250,000.”
During the same conversation, Arthur Hayes also revealed that 20% of his portfolio is allocated to gold. He also made comments on the increasing US debt. Hayes also believes that Ethereum will regain its position as the best blockchain for dApps in the next couple of years.
Bitcoin Firmly Holds Above $100K as Fees Hit 2025 High
BTC Price (Source: CoinMarketCap)
Bitcoin started its uptrend this month after a few months of a prolonged downtrend due to macroeconomic uncertainties. Earlier this month, it once again breached the $100K mark, but only to stay afloat this time. It has been holding above this level, currently trading at $103,237.
The global macroeconomic shift started witnessing a capital shift towards risk assets such as Bitcoin. The crypto ETF inflows further added to the market price rallies. Combining all these factors, Bitcoin is marching towards its previous all-time high value of $108,786. At the time of reporting, Bitcoin recorded an 80% surge in its 24-hour trading volume.
Meanwhile, average transaction fees on Bitcoin reached a year-high value of $2.4, as per The Block Data. This demonstrates the increase in investor confidence in the largest cryptocurrency by market cap.
Major altcoins have also started their uptrends this month, which is leading to positive price predictions regarding Bitcoin and altcoins in the coming months. Arthur Hayes’ prediction might become a reality as the crypto market continues its present rally.
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