Bitcoin could hit $250K in coming months, says BitMEX co-founder

Arthur Hayes, co-founder of the BitMEX cryptocurrency exchange, stated in a recent interview with Unchained that central banks will have no choice but to cut interest rates as global liquidity is on the verge of significant growth, according to Odaily. Bitcoin would benefit from both a deflationary collapse and an inflation outbreak, Hayes noted, expecting the flagship token to see rebounds within the next few months. The BitMEX co-founder reckons Bitcoin is likely to cross $110,000, with the potential to hit $250,000 afterwards. He believes the financial market will be flooded with fiat liquidity if the world's major economies continue to expand their money supply. In light of this, Bitcoin, as an inflation-proof asset, is poised for a new round of gains. As for Ethereum, which is currently being treated by many as a less popular asset, Hayes points to its great odds of performing well amid market rallies. By contrast, while Solana has shown great performance in the recent market, it is subject to some uncertainty in future developments. The role Ethereum plays in the overall crypto ecosystem cannot be ignored, Hayes highlighted.