Written by Arjan Schreur on June 25, 2025.
Arthur Hayes, co-founder and ex-CEO of Bitmex and now CIO at Maelstrom, recently made a number of striking and sometimes controversial statements regarding the Bitcoin course in an interview with David Lin.
Arthur Hayes, takes in the video No leaf for the mouth with regard to the future of Bitcoin. He is known for his outspoken courses and this time he explains why he thinks the Bitcoin Koers Towards $ 250,000 goes towards the end of the year. His claims can partly be explained by macro-economic stimuli and central bank policy-the theme of “The Money Printing Storm”.
The stimulant spare: keep pressing money
A crucial part of Hayes’ analog system to the Bitcoin course is the monetary policy. He points out that the Federal Reserve can ultimately do nothing but print more dollars when the bond markets become restless. According to him, this broad money creation creates an ideal breeding ground for Bitcoin:
“The next time … the monetary mandarins run the money printing press at max Brrrrr levels … physically gold, digitally, Bitcoin.”
The idea: when distrust in traditional currency, investors look for value storage – physically via gold, and digitally via Bitcoin.
Bitcoin price to $ 250,000 at the end of 2025
Hayes formulates a daring prognosis: the Bitcoin course will reach $ 250,000 at the end of this year. He bases that on a mix of geopolitical tension, macro illness and expansive monetary policy:
- His earlier expectations for $ 200,000 have now been upgraded to $ 250,000, precisely because of the real increasing pressure to allow regulations and central banks to run
- He does not believe that there will be a strong downward correction, such as $ 70,000, and sees no “binary risk -off” that would suddenly disturb the market
Important nuance: he does not believe in the extremely optimistic $ 1,000-per-bitcoin scenarios by the end of the year. He says that a million is possible before the end of 2028but not in 2025.
Difference between short term and long -term predictions
Hayes emphasizes that he would rather postpone short -term goals, unless the market is clearly moving in a consensus point of view. His approach: not predictable for the predictable went, but striking when it is really ambiguous.
The year 2025 he sees as a consolidation period in which the foundations – institutional adoption, ETFs and macro shocks come together. Those foundations contribute to a stable race path, instead of a chaotic rally.
The role of Bitcoin ETFs & Institutional Capital
Hayes calls Spot -Bitcoin ETFs a “Clever way for traditional investors to get into crypto without worrying about Custody”. He states that ETFs are easier and more reliable than Bitcoin Treasuries from companies such as Strategy:
- ETFs attract capital from institutional players who want a simple, regulated product
- That capital can displace existing Treasury companies
This stream of institutional money, says Hayes, gives extra strength to the upward move of the Bitcoin course.
Geopolitical Risks & Bitcoin as a safe haven
Hayes recognizes geopolitical shocks as a double -sided sword for Bitcoin. He admits that a crisis, such as the worldwide war, can turn out to be positive and negative for the course. However, under basic funds he expects rising uncertainty to force central bankers to stimulate – which again pushes the bitcoin course up:
“The setup is perfect for a rally … they’re going to resort to money printing.”
In short: although war or conflict can increase volatility, according to Hayes it is just that the FED drives to action – and thereby structurally supports the Bitcoin Koers.
Over- or underdog: Bitcoin vs. Gold & Alternative value carriers
Hayes likes to compare Bitcoin with gold in the role of value storage:
- Gold = traditionally safe, physical
- Bitcoin = Modern Digital Alternative
He argues that with currency pressure and when trust is undermined, investors look for an anti-establishment asset:
“Any investor with US stock and bonds is looking for something whose value is anti-establishment … digitally, that’s Bitcoin.”
In that light, according to him, the Bitcoin course is also an indicator for wider macro sensitivity in markets.
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