Bitcoin could hit $250,000 this year - Arthur Hayes

It is predicted that the price of Bitcoin (BTC) will surpass $250,000 this year. At 10:30 a.m. on the 2nd, the price of Bitcoin on CoinMarketCap was 1.
The price of Bitcoin, which had fallen to the $103,000 mark the previous day, recovered some of the losses and rose to $100,500.
Bitcoin is trading at around $0.00. Arthur Hayes, co-founder of BitMEX, said, "A variety of factors could see the price of Bitcoin surpass $250,000 this year."
The factors that Hays cited for the rise in Bitcoin prices include the resumption of quantitative easing by the Federal Reserve System (FRB), the supply of liquidity due to the inflow of institutional funds, and the US midterm elections.