BitMEX co-founder Arthur Hayes predicts that Bitcoin (BTC) is more likely to reach $110,000 before retesting $76,500.
Hayes attributes this prediction to the Federal Reserve's shift from quantitative tightening to quantitative easing and mentions 'transitory inflation' as a factor.
He suggests that if BTC hits $110,000, it could pave the way for a surge towards $250,000.
Hayes sees recent tariffs as temporary measures with minimal long-term impact on BTC price.