As the crypto market shows signs of recovery following positive signals from the Trump administration regarding renewed tariff negotiations with China, BitMEX co-founder Arthur Hayes has re-emerged with a bold outlook for Bitcoin.
In his latest blog post, Hayes dismissed the idea that the current bull market is over, arguing that Bitcoin has already established a bottom at $74,500.
A key factor in Hayes’s bullish stance is the anticipated liquidity injection from the U.S. Treasury. Under Treasury Secretary Scott Bessent, a new plan is expected to involve the buyback of older bonds and the issuance of new debt. Hayes views this as a major driver of capital entering the financial system, which he believes will push investors toward non-traditional assets like Bitcoin and gold.
He argued that this fresh wave of liquidity will help carry BTC to new all-time highs. Despite the market correction, Bitcoin remained the most purchased cryptocurrency during the dip from $110,000 to $74,500, a sign of ongoing institutional and retail demand.
$200K Bitcoin and the Return of Altcoin Season
Hayes reaffirmed his long-standing price target of $200,000 for Bitcoin, expecting the cryptocurrency to gather momentum once it surpasses its previous peak. He believes this breakout will trigger a significant shift in capital flows, moving from Bitcoin into altcoins—especially the more speculative ones often referred to as “shitcoins.” This transition, according to Hayes, will mark the beginning of the next altcoin season.
Market Sentiment Misjudged, Hayes Says
Hayes compared the current sentiment to that of 2022, when widespread panic surrounded predictions that Bitcoin might drop below $10,000 after hitting a cycle low of $15,000. In both cases, he believes the market overreacted. Now, as fears circulate about a retracement below $60,000, Hayes insists that the real bottom has already been set—and that the next leg up is approaching.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/arthur-hayes-declares-bitcoin-bottomed-at-74500-shares-price-prediction/