BitMEX Founder Predicts 600% Bitcoin Rally by April 9th

BitMEX founder Arthur Hayes has expressed his belief that the crypto market is poised for a significant rally, similar to the one observed from the third quarter of 2022 to early 2025. This prediction comes amidst a backdrop of fear, uncertainty, and doubt (FUD) in the markets. Hayes suggests that central banks, particularly in America, will likely resort to increased money printing to address worsening macroeconomic conditions. This monetary policy, according to Hayes, could drive Bitcoin (BTC) and other crypto assets to much higher valuations.

In an interview with the host of the Crypto Banter YouTube channel, Hayes elaborated on his views, stating that the current market conditions are reminiscent of the period from 2022 to 2025. During that time, the US Treasury printed $2.5 trillion, which coincided with a sixfold increase in the value of Bitcoin. Hayes predicts that the current US Treasury Secretary will need to implement a similar strategy, which he believes will lead to a significant rally in crypto assets starting from April 9th.

Hayes also commented on the Bitcoin dominance (BTC.D) metric, which calculates the proportion of the total crypto market cap that belongs to Bitcoin. Currently, Bitcoin dominance stands at 64.81%. Hayes predicts that this metric may soon enter a downward phase after reaching around 70%, setting the stage for altcoins to outperform Bitcoin. He anticipates that Bitcoin could reach a value of around $150,000 before this rotation into altcoins occurs.

Hayes' predictions are based on his analysis of historical market trends and the potential impact of monetary policies on crypto assets. His views highlight the potential for significant gains in the crypto market, driven by increased money printing and the resulting inflationary pressures. However, it is important to note that these predictions are subject to market volatility and other unforeseen factors.