Arthur Hayes: BTC will first reach $110,000 before retracing to $76,500, as the Federal Reserve shifts from quantitative tightening to quantitative easing

ChainCatcher news, BitMEX co-founder Arthur Hayes stated that BTC will first reach the price level of $110,000 before it retraces to the $76,500 level.

Hayes explained that the Federal Reserve is shifting from quantitative tightening (QT) to quantitative easing (QE) to support the U.S. Treasury market, and tariff issues will not have a substantial impact, as inflation is only "transitory"—this is the information he received from Federal Reserve Chairman Powell.

Hayes indicated that he will elaborate on this viewpoint in his next article.