Arthur Hayes: The Federal Reserve launches a new version of quantitative easing, Bitcoin may return to $124,000

Arthur Hayes stated in his latest article "Love Language" that the RMP (Reserve Management Purchase) introduced by the Federal Reserve is essentially equivalent to a new version of quantitative easing (QE), which means liquidity will be re-released and the long-term devaluation risk of fiat currency will increase, while the crypto market, especially Bitcoin, will benefit significantly. He expects that in the short term, BTC may fluctuate in the range of $80,000 to $100,000; once the market realizes that "RMP = QE," Bitcoin could return to $124,000 and quickly challenge $200,000; a peak in sentiment may occur around March next year, followed by a pullback, but the overall bottom is still likely to be above $124,000.

It is worth noting that although Arthur Hayes continues to be bullish on the crypto market, he transferred 508.647 ETH (worth $1.5 million) to Galaxy Digital during yesterday's rebound, possibly for sale.